Former IMF Chief Rodrigo Rato Damages Prime Minister's Party

Former Finance Minister and International Monetary Fund chief Rodrigo Rato said Friday he plans to cooperate with justice officials after being detained for several hours while investigative tax agents searched his apartment and an office in Madrid. A spokesman for Madrid’s justice tribunal said Rato was under investigation by Madrid prosecutors for fraud, money laundering and asset concealment. Mariano Rajoy said Saturday the probe into Rodrigo Rato "particularly affects the Popular Party" because the former minister "has been one of our most important assets."