Spanish newspaper El Pais published corruption allegations in January against Spanish Prime Minister Mariano Rajoy and other senior members of his party, the Partido Popular (PP).
The documents allege Rajoy received regular cash payments of 25,000 euros ($33,875) from 1997 onwards, which were hidden from tax authorities. Anti-corruption lawyers are due to question former treasurer Luis Barcenas over the claims of the secret payments.
Rajoy has fiercely denied the allegations and has promised more transparency. He has also pledged that Spain will see off its worst financial crisis in recent years, as he seeks to continue the tough reforms sparked by the euro zone crisis.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.