Reuters - Video

EDITION: U.S. | U.K. | IN

Business

Corruption scandal turns up heat on Rajoy

Thursday, Jan 31, 2013 - 02:09

Jan. 31 - Spain's ruling People's Party has denied that Prime Minister Mariano Rajoy and other leaders received payments from a slush fund after a newspaper published what it said were secret party accounts. Ciara Sutton reports.

▲ Hide Transcript

View Transcript

He was elected in a landslide with a mandate to sort out Spain's deeply troubled economy. But Prime Minister Mariano Rajoy has been forced to deny allegations in a leading newspaper that he took secret payments from business donors. Maria Dolores de Cospedal is Secretary General of the People's Party. (SOUNDBITE)(Spanish) MARIA DOLORES DE COSPEDAL, SECRETARY GENERAL OF SPAIN'S PEOPLE'S PARTY: "This party categorically denies the content of those alleged documents that have been published. We categorically deny it in all its terms. I have spoken to the Prime Minister this morning as you'd expect and I have to say that he is very calm. He is doing what he has to do. That means he is doing his job as Prime Minister to help our country to get out of the crisis." The El Pais newspaper printed images of handwritten accounts, nearly 20 years old, that it claims were maintained by People's Party treasurers. It says they show 11 years of payments to Rajoy of over 25,000 euros a year. But Rajoy's office says the prime minister stands by these comments he made about the allegations over a week ago. SOUNDBITE: SPANISH PRIME MINISTER MARIANO RAJOY SAYING (Spanish): "I can only say that if at any point I am aware of irregular or inappropriate conduct related to members of our party, I will not waiver, I will not waiver, because I know it's one of my responsibilities and not the least to make sure the People's Party continues to behave and continues to be perceived as a great party comprised of honest people, working and dedicated to the improvement of the lives of people in their country." Spain is in deep recession, with one in four people out of work. For the first time Rajoy's has promised Spain a small dose of economic stimulus, in the midst of a strict diet of austerity. Justin Urquhart Stewart is from Seven Investment Management. (SOUNDBITE) (English) MARKETING DIRECTOR AT SEVEN INVESTMENT MANAGEMENT, JUSTIN URQUHART STEWART, SAYING: "They had been making quite considerable progress both in terms of productivity and in terms of closing the deficit. But none the less it is still very difficult indeed particularly with some of the news coming out about the banks and the property issues." A high court judge has reportedly asked prosecutors to look into the allegations. The People's Party has ordered an external audit of its accounts.

Corruption scandal turns up heat on Rajoy

Thursday, Jan 31, 2013 - 02:09

Most Popular »

Money »

Apple hits $100 a share Apple hits $100 a share

Tue, Aug 19, 2014 - (2:06)

Nasdaq closes at 14-year high Nasdaq closes at 14-year high

Mon, Aug 18, 2014 - (2:23)

Putin puts Wall Street in buying mood Putin puts Wall Street in buying mood

Thu, Aug 14, 2014 - (2:10)

We've become a promotional culture-RetailMeNot's Bodge We've become a promotional...

Thu, Aug 14, 2014 - (4:39)

Dow back to positive territory for year Dow back to positive territory for year

Wed, Aug 13, 2014 - (2:18)

Markets cheer Russia's Ukraine exit Markets cheer Russia's Ukraine exit

Fri, Aug 08, 2014 - (1:50)

Russia, Iraq push Dow to three-month low Russia, Iraq push Dow to three-month low

Thu, Aug 07, 2014 - (2:27)

Wall Street gains but telecom disconnected Wall Street gains but telecom disconnected

Wed, Aug 06, 2014 - (2:28)

Stocks zapped by energy weakness Stocks zapped by energy weakness

Tue, Aug 05, 2014 - (2:46)

Stocks recover with refocus on earnings Stocks recover with refocus on earnings

Mon, Aug 04, 2014 - (2:19)

The S&P 500 suffers worst week in 2 years The S&P 500 suffers worst week in 2 years

Fri, Aug 01, 2014 - (2:41)

The Exchange »

The Exchange: Hot commodity The Exchange: Hot commodity

Wed, Jul 16, 2014 - (9:25)

The Exchange: Constitutional crusade The Exchange: Constitutional crusade

Wed, Jun 25, 2014 - (11:35)

The Exchange: The value of money The Exchange: The value of money

Mon, Jun 02, 2014 - (9:53)

The Exchange: China’s Second Continent The Exchange: China’s Second Continent

Tue, May 27, 2014 - (9:35)

The Exchange: A master of business arts The Exchange: A master of business arts

Thu, May 08, 2014 - (8:24)

The Exchange: America's bankrupt cities The Exchange: America's bankrupt cities

Mon, May 05, 2014 - (8:52)

The Exchange: Let the rocking commence The Exchange: Let the rocking commence

Tue, Apr 08, 2014 - (8:13)

The Exchange: The Moneyball fallacies The Exchange: The Moneyball fallacies

Mon, Mar 24, 2014 - (9:54)

Is doing good a good business? Is doing good a good business?

Mon, Mar 17, 2014 - (7:38)

Reuters Investigates »

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, Feb 19, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, Jan 10, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, Aug 29, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, Aug 29, 2013 - (13:21)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, Aug 05, 2013 - (1:36)

How education lost its role as the great equalizer - Reuters Investigates How education lost its role as the great...

Mon, Dec 17, 2012 - (7:52)

Jihad Jane: From abused child to American jihadist - Reuters Investigates Jihad Jane: From abused child to American...

Sat, Dec 08, 2012 - (10:01)

Jihad Jane: The order to kill - Reuters Investigates Jihad Jane: The order to kill - Reuters...

Sun, Dec 09, 2012 - (10:39)

Moving Pictures »

"Old timers" sail the Chesapeake Bay "Old timers" sail the Chesapeake Bay

Mon, Aug 11, 2014 - (2:27)

Burned memories Burned memories

Fri, Aug 08, 2014 - (3:02)

Images of July Images of July

Thu, Jul 31, 2014 - (1:20)

World Cup: passion on the pitch World Cup: passion on the pitch

Fri, Jul 11, 2014 - (1:00)

A refugee in America gives back A refugee in America gives back

Wed, Jul 02, 2014 - (3:25)

A long search for refuge A long search for refuge

Fri, Jun 20, 2014 - (3:04)

World Cup: Around the globe in 50 goals World Cup: Around the globe in 50 goals

Fri, Jun 06, 2014 - (1:08)

VIVID – Sydney’s spectacle of light VIVID – Sydney’s spectacle of light

Fri, May 30, 2014 - (1:37)

The week that changed Boston The week that changed Boston

Mon, Apr 14, 2014 - (3:28)