Spanish customs officials search house of ex-IMF head Rato
Rodrigo Rato was Spanish Economy Minister between 1996 and 2004
Updated : 16:39
On Thursday Spanish customs officials searched ex-International Monetary Fund Managing (IMF) Director Rodrigo Rato's house in Madrid, after tax inspectors uncovered irregularities in his tax filings.
Rodrigo Rato was head of the IMF, as well as the Iberian nation's Economy Minister and a former Chairman of Spanish lender Bankia.
The search came after the tax authorities were unable to reconcile Rato's 2013 personal income tax filings with the level of assets his family holds as stated in a 2012 filing made as part of a Spanish tax holiday, Spanish daily El Mundo reported.