Don't miss

Replay


LATEST SHOWS

BUSINESS DAILY

Startled startups flee UK ahead of Brexit

Read more

IN THE PAPERS

What's next for Yemen?

Read more

IN THE PAPERS

French Guiana: 'A powder keg abandoned by the state'

Read more

FRANCE IN FOCUS

French presidential election: Over 40% remain undecided

Read more

EYE ON AFRICA

ICC orders former DR Congo warlord to pay damages to victims

Read more

MEDIAWATCH

Trumpcare falls before first hurdle

Read more

THE WORLD THIS WEEK

Westminster Attack, Abadi in Washington (part 1)

Read more

THE WORLD THIS WEEK

Obamacare, Europe's Unholy Alliances, Martin McGuinness (part 2)

Read more

INSIDE THE AMERICAS

Export bans hit Brazil amid tainted meat scandal

Read more

France

French police raid home of IMF boss Christine Lagarde

© AFP file photo

Text by News Wires

Latest update : 2013-03-20

French authorities searched the Paris apartment of IMF director Christine Lagarde on Wednesday as part of their investigation into her handling of a settlement paid out to Bernard Tapie in 2008 while she was French finance minister, her lawyer said.

French police searched the Paris apartment of IMF chief Christine Lagarde on Wednesday as part of an investigation into her awarding of a 2008 arbitration payment to a businessman supporter of ex-president Nicolas Sarkozy, her lawyer said.

Lagarde, who at the time was Sarkozy’s finance minister, has repeatedly denied wrongdoing in ending a judicial battle against billionaire Bernard Tapie and instead opting for arbitration.

Investigating magistrates suspect her of complicity in embezzling public funds after she overruled objections from advisers to proceeding with the controversial 285 million euro payment ($367 million) to Tapie.

“This search will help uncover the truth, which will contribute to exonerating my client from any criminal wrongdoing,” Lagarde’s lawyer, Yves Repiquet, told Reuters.

It was conducted a day after France’s budget minister resigned after being targeted in a tax fraud inquiry.

Socialist President Francois Hollande came to power last May vowing to crack down on the cozy relationships between politicians and businessmen he said were rife under Sarkozy.

Lagarde was in Frankfurt and not in her Paris flat at the time of the search, a spokesman for the IMF chief said.

(REUTERS)
 

Date created : 2013-03-20

  • FRANCE

    Is Le Pen France's 'most popular' female politician?

    Read more

  • FRANCE

    Police raid prompts IMF’s Lagarde to speak out

    Read more

  • GLOBAL ECONOMY

    IMF’s Lagarde warns of decade lost to financial crisis

    Read more

COMMENT(S)