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 , 1 : 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
Isfahan acid attack suspects freed due to lack of evidence
Iran loses lawsuit in Taiwan over arms scam
Iran hangs woman for killing alleged rapist
Bitter mood on eve of Ukraine elections
Loaded with lab results, SpaceX ship leaves International Space Station for Earth
TOP RATED ARTICLES
Oman health: Sur Hospital scotches rumours of Ebola case
FAHAD AL GHADANI
Movie review: Fury
Siddharth Akhouri - Special to Times of Oman
His Majesty, leaders exchange Hijri New Year greetings
Sunidhi’s solo show to be held in Muscat on December 6
Times News Service
More in News
Sri Lanka restores blood-soaked railway to Tamil heartland
It's Different! Discovering pop legend Michael Jackson's popularity in rural India
Bucharest 'khans' reborn after decades of neglect
More than just a moustache - Adolf Hitler vs Charlie Chaplin
Urban gardens greening Berlin rooftops, airfield
More in Features
Isil poses a direct threat to Turkey’s national security
How PPP is still sinning against Sindh
Muslim Brotherhood courts Isis for support
What does Hashmi’s loss portend for 3-way battle?
Conspiracy theories are afoot in plenty
More in Columns
Copyright © 2012 Muscat Press & Publishing House SAOC. All rights reserved. Times of Oman is not responsible for the content of external internet sites.
For reprint rights contact:
TOO Online Editorial