Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

Kenya’s opposition leader to take poll dispute to Supreme Court

Read more

MEDIAWATCH

Trump's 'unprecedented transgression'

Read more

THE DEBATE

US racial tension - How far should freedom of speech be allowed to go?

Read more

THE DEBATE

Burkina Faso attack: How to restore security in the Sahel region?

Read more

THE DEBATE

India and Pakistan mark 70 years of independence: Can the two countries ever reconcile?

Read more

ACCESS ASIA

India: Cows at heart of political debate

Read more

IN THE PAPERS

Trump again blames both sides for Charlottesville violence

Read more

IN THE PAPERS

'Macron: The shadow of a doubt'

Read more

BUSINESS DAILY

Talks to begin on revamping NAFTA trade deal

Read more

france 24 France

Strauss-Kahn target of lawsuit over failed business venture

© Philippe Huguen, AFP | Former IMF chief Dominique Strauss-Kahn arrives to his hotel in Lille, northern France, on February 17, 2015

Text by FRANCE 24

Latest update : 2015-10-16

Dominique Strauss-Kahn, the scandal-plagued former head of the International Monetary Fund (IMF), is once again at the centre of a legal battle, French media revealed on Friday.

Strauss-Kahn is under preliminary investigation over allegations of “fraud” and “misuse of company assets” at the now-defunct investment firm Leyne Strauss-Kahn Partners (LSK).

Two former LSK shareholders have filed lawsuits against the company’s managers, including Strauss-Kahn, alleging that they lied about the financial state of the Luxembourg-based business.

Strauss-Kahn became a board member of LSK in October 2013 and temporarily became the firm’s president before stepping down from the post one year later.

LSK declared bankruptcy in November 2014, a few weeks after founder Thierry Leyne committed suicide in Tel Aviv.

Strauss-Kahn’s lawyer told France Inter radio on Friday that his client “never had operational responsibilities” within the company, and that Strauss-Kahn’s signature had been forged on the minutes from several board meetings he had not attended.

The former IMF chief has faced a series of legal charges since 2011, but has thus far avoided conviction. A French court in June acquitted him of procuring prostitutes for sex parties in France, Belgium and the United States.

Date created : 2015-10-16

  • FRANCE

    Former IMF boss Strauss-Kahn runner-up in French presidential poll

    Read more

  • FRANCE

    Strauss-Kahn makes bizarre ‘Jack is Back’ Twitter debut

    Read more

  • FRANCE

    French court acquits ex-IMF chief Strauss-Kahn in prostitution ring trial

    Read more

COMMENT(S)