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Europe
IMF Chief Lagarde Faces France Finance Crime Probe
2011-08-05
[An Nahar] A French court ordered a probe for embezzlement and other fraud-related charges against IMF head Christine Lagarde dating to her time as La Belle France's finance minister, a prosecutor said Thursday.
If you search for a Euro financier/banker who isn't corrupt to head the IMF, you'll be searching a long time...
She has denied any wrongdoing or illegality in the case which resulted in a big compensation payment for a private businessman out of public funds in 2008. Her lawyer branded the case politically motivated.

The Court of Justice of the Republic, which hears charges against ministers arising during their term in office, approved "a judicial inquiry concerning Mrs Lagarde," presiding judge Gerard Palisse told news hounds.

It asked magistrates to investigate Lagarde's role in settling the financial dispute with a view to possible criminal charges.

State prosecutors in a statement specified the charges to be investigated as "embezzlement of public funds" and "complicity in fraud" and said prosecutor Cecile Petit would formally request the probe "in the coming days".

Lagarde's lawyer Yves Repiquet said the inquiry was "in no way incompatible" with her new role as managing director of the International Monetary Fund (IMF). He said he expected the case to be dismissed.
Posted by:Fred

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Posted by: Bobby   2011-08-05 06:36  

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Posted by: American Delight   2011-08-05 03:59  

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