Don't miss

Replay


LATEST SHOWS

THE INTERVIEW

'The door is open for dialogue with Madrid,' says Carles Puigdemont

Read more

THE DEBATE

Iran's rebuttal: Tehran answers Trump and Netanyahu

Read more

MIDDLE EAST MATTERS

Kurdish independence referendum: What impact on the region?

Read more

THE INTERVIEW

Iraqi Kurdistan FM: 'We are determined to go ahead' with independence vote

Read more

FOCUS

Are universities in Pakistan becoming a breeding ground for terrorism?

Read more

ENCORE!

Film show: 'It', 'Loveless', 'Nothing to Hide' and 'The Party'

Read more

THE INTERVIEW

Save the Children CEO on Rohingya crisis: 'Children are being shot at'

Read more

BUSINESS DAILY

British PM expected to make offer to Brussels in upcoming speech

Read more

THE POLITICAL BRIEF

French labour reforms: Will protests make Macron back down?

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)