Former International Monetary Fund chief Rodrigo Rato arrives to enter prison in Soto del Real, Spain, October 25, 2018. REUTERS/Stringer
MADRID (Reuters) - Former International Monetary Fund (IMF) chief Rodrigo Rato arrived at a Madrid prison on Thursday to start a four-and-a-half year jail term for using company credit cards to make costly personal purchases while running state-owned lender Bankia.
Rato, who was economy minister in Spain and a prominent figure in the ruling People's Party (PP) before moving to the IMF, chaired Bankia for two years until just before its state bailout in 2012.
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