Times of Oman
Price in RO
24ct / gm
22ct / gm
Forex Rates vs R01
Back to Homepage
IMF's Lagarde put under investigation in French fraud case: source
August 27, 2014 , 2 : 32 pm GST
SAVE THIS ARTICLE
International Monetary Fund Managing Director Christine Lagarde attends a conference about the future of the Euro zone organized by the Robert Schuman foundation in Paris in this July 18, 2014 file picture. Photo - Reuters
: IMF chief Christine Lagarde has been placed under formal investigation by French magistrates on Wednesday for her alleged role in a long-running political fraud case, a source close to the former French finance minister said.
The source said Lagarde, who earlier was questioned by magistrates in Paris under her existing status as a witness, considered their decision to investigate her for alleged "negligence" was unfounded and would appeal it. A French judiciary source also confirmed the step.
In French law, magistrates place someone under formal investigation when they believe there are indications of wrongdoing, but that does not always lead to a trial.
The inquiry into tycoon Bernard Tapie has embroiled several of former president Nicolas Sarkozy's cabinet members including Lagarde.
Tapie - who supported Sarkozy in the last two elections - was awarded 403 million euros in a 2008 arbitration payment under Sarkozy's presidency to settle a dispute with the now defunct, state-owned bank Credit Lyonnais over a 1993 share sale. Lagarde was finance minister at the time.
Rate this Article
Rates : 0, Average : 0
Post a Comment
Did you like this section? Leave a comment!
Your Name :
Your Email Address :
Your Comment :
Enter Image Text:
No Comments Posted
Latest in this section
Libya PM Thinni escapes assassination attempt: Spokesman
Russia confirms sale of S-300 missile systems to Iran
Hillary snaps at top ranked Merkel heels in Forbes 'powerful women' list
Teen jailed in Austria over IS plot
Malaysia unearths secrets of jungle trafficking camps
TOP RATED ARTICLES
Oman transport: Main routes for new low-floor buses identified
Sayyid Badr conveys His Majesty greetings to Qatar
Nepal needs tourism, says Oman’s resident who helped earthquake victims
VIDEO: Call to review NOC rule in Oman & other stories
Times News Service
Oman, Iran sign pact on maritime boundary
More in News
How spoilt is your child?
Rachel Carlyle/Daily Express
How to fall back to sleep in 20 minutes or less
Kim Jones/Daily Express
American travel, reportage photographer goes off his track in Oman
Whale sharks set for tagging to save species
Lewis Smith/The Independent
Sri Lanka restores blood-soaked railway to Tamil heartland
More in Features
Why Britain resigned as the global power?
Canada’s support to Israel is dangerous
The green superpower
Touching story of a child that our society rejected
Story of this birth won't top the news for long
More in Columns
Muscat Media Group.
Times of Oman is not responsible for the content of external internet sites.
For reprint rights contact:
TOO Online Editorial