Don't miss

Replay


LATEST SHOWS

IN THE PAPERS

'My enemy's enemy?'

Read more

IN THE PAPERS

Hollande: 'Lost in election'

Read more

Access Asia

Beef off the menu in Maharashtra

Read more

EYE ON AFRICA

Nigerian elections: early results show close race

Read more

MEDIAWATCH

"Slap in the face" for Socialists in French local elections

Read more

EYE ON AFRICA

Nigeria: Millions prepare to go to the polls on Saturday

Read more

DEBATE

Nigeria: And the winner is... Tense wait for election results (part 2)

Read more

DEBATE

Nigeria: And the winner is... Tense wait for election results (part 1)

Read more

ENCORE!

Jeanne Added on her classical pop-crossover

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)