Managers and supervisors at the Spanish bank Bankia had a good life. They were issued company credit cards to send with apparently no monitoring.
On a single day in March 2011, Bankia’s former chief executive Rodrigo Rato, previously Spanish economics minister and head of the International Monetary Fund, used his card to buy alcoholic drinks worth €3,547. Altogether he charged €99,000 to the card.
His predecessor, Miguel Blesa, used his card to spend €9,000 on a single night at the Ritz Hotel.