IMF’s Lagarde Put Under Investigation in French Fraud Case

(Photo Credit: Reuters/Philippe Wojazer)

By Mark John

IMF chief Christine Lagarde has been put under formal investigation by French magistrates for alleged negligence in a political fraud affair dating from 2008 when she was finance minister.

Lagarde was questioned by magistrates in Paris this week for a fourth time under her existing status as a witness in the long-running saga over allegations that tycoon Bernard Tapie won a large arbitration payout due to his political connections.

Continue Reading

Related Reading:

Dominique Strauss-Kahning Christine Lagarde

Christine Lagarde Given Vote of Confidence by IMF Board

French Government Dissolves Over Economic Policy