IMF chief Lagarde under investigation in France
PARIS – IMF chief Christine Lagarde said she is under official investigation for negligence in a French corruption probe that dates back to her days as finance minister.
International Monetary Fund Managing Director Christine Lagarde holds a news conference in Washington in this April 10, 2014 file picture. Photo: Reuters
PARIS – IMF chief Christine Lagarde said she is under official investigation for negligence in a French corruption probe that dates back to her days as finance minister.
In a statement Wednesday after a fourth round of questioning before magistrates, Ms Lagarde said she was returning to her work in Washington later in the day and said the decision was “without basis”.
She and her former chief of staff face questions about their role in a 400 million-euro (S$658 million) payment to a businessman.
The payment was made to Mr Bernard Tapie in a dispute with state-owned bank Credit Lyonnais over the botched sale of sportswear company Adidas. Critics have said the deal was too generous, and was symptomatic of the cosy relationship between money and power in France. AP
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