Author Topic: French court questions IMF chief Christine Lagarde  (Read 398 times)

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Offline EC

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French court questions IMF chief Christine Lagarde
« on: May 23, 2013, 04:17:01 AM »
Via the BBC:

IMF chief Christine Lagarde has arrived at a court in Paris for questioning over a payout to a controversial tycoon during her time as finance minister.

She is being asked to explain her handling of a row in 2007 which resulted in some 400m euros (£342m; $516m) being paid to Bernard Tapie.

She is appearing before the Court of Justice of the Republic (CJR), which investigates ministerial misconduct.

The IMF chief insists the award was the best solution at the time.

"It's a pleasure to see you," a smiling Ms Lagarde told reporters upon arrival.

She could be placed under formal investigation for the decision to use arbitration, against advice from senior advisers, to settle a long-running court battle between the state and Mr Tapie, a supporter of the then French President, Nicolas Sarkozy.

More at link. As always with the BBC, they have related links which unflod the full story for those who missed it.
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