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2014-07-29 09:21 IN THE WORLD PRESS

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BUSINESS DAILY

Argentina braced for another debt default

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AFRICA NEWS

Ebola virus : Liberia shuts most border points

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MEDIAWATCH

"What would you do?"

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DEBATE

Too Late for Sanctions? Pressure Mounts on Russia over Ukraine (part 2)

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DEBATE

Too Late for Sanctions? Pressure Mounts on Russia over Ukraine

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As France’s Carrefour pulls out, what next for India’s retail market?

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THE WORLD THIS WEEK

The World This Week - July 25th, 2014 (part 2)

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  • Israeli strikes target symbols of Hamas power

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  • US says Russia violated arms treaty by testing cruise missile

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  • Argentina in last-ditch effort to avert default

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  • Libya oil tanker fire blazes out of control

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  • In pictures: From Gaza to Mosul, bittersweet end of Ramadan for Muslims

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  • France offers asylum to Iraqi Christians

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  • Moroccan police arrest French al-Qaeda recruiter

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  • Israel warns of ‘prolonged’ campaign in Gaza

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  • French mayor files complaint against US father who risked kids’ lives on Mont Blanc

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  • French footballer Griezmann headed to Atletico Madrid

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  • Luc Besson’s sci-fi thriller ‘Lucy’ tops US box office

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  • Video: Slaviansk mourns mass grave victims

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  • France honours those lost on Air Algérie Flight AH5017

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  • Video: Ethiopia turns to wine to boost image, economy

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  • Thousands gather in Marseille in support of Israel

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  • As France’s Carrefour pulls out, what next for India’s retail market?

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  • Liberia tightens border controls to curb Ebola outbreak

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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

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