Former IMF director one of 65 bank executives convicted in €12m ‘black card’ scheme
Rodrigo Rato misused credit cards as head of Caja Madrid at height of financial crisis
Close ties with the political and financial classes sealed the financier’s fate – with jail now a very real possibility
Politicians, businesspeople and civil servants implicated in investigation
String of public figures forced to resign in fallout from crisis
Up to €15.5m allegedly spent by senior figures, some of it on clothes and travel
Former directors of bailed-out lender HSH Nordbank due in court
Move on senior financier a signal of intent to pursue those behind bank collapses
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