June 21, 2021

Rato asks to stop his entry into prison for the 'black' while recourse to the Constitutional | Economy

Rato asks to stop his entry into prison for the 'black' while recourse to the Constitutional | Economy

Rodrigo Rato, former president of Bankia and former Vice President of the Government, has presented this Monday a letter in the National Court in which he asks that his entry into prison be stopped while the Constitutional Court decides on the appeal filed after being sentenced by the Supreme Court to four and a half years in jail for misappropriation in the case of cards black of Caja Madrid. The ex-leader of the PP received on October 10 the order to enter the prison. As of the notification, the ex-politician had a term of ten working days – until Thursday, October 25 – to appear at the prison of his choice and begin to comply with the sentence. After the presentation of the letter this Monday, the National Court has to request a report to the prosecution, although it will be the Fourth Section of this court, which issued the sentence to Rato, which will decide if the former president of Bankia is already in jail or wait in freedom to pronounce the Constitutional.

Rato was convicted, along with 63 other managers and counselors of the extinct box in Madrid, for disposing at will, without control of any kind and without declaring the Treasury, funds of the entity with the credit card that was provided for expenses of representation. On October 3, the Supreme Court issued its sentence on the cards black and essentially confirmed all the ruling of the National Court of February 2017. Of the 64 convicted, 15 have sentences of more than two years that lead them to enter prison.

The system of opaque cards to the treasury worked between the years 2003 and 2012 and was, according to the Supreme Court, the result of a "plan to dispose of money from the cashier" for the benefit of the most responsible of the entity (first the deceased Miguel Blesa and then, the exvicepresidente and ex- minister of Economy of the PP with Aznar) and of the other 63 exdirectivos and exconsejeros condemados. Together they spent 12.5 million euros. There were charges on restaurant cards, supermarkets, women's underwear and party rooms. Also withdrawn in cash at ATMs.


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