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Court delays decision on Lagarde inquiry

A French court on Friday postponed its decision on whether to investigate the role of new IMF head Christine Lagarde in a controversial 2008 arbitration payout. The decision was delayed until August 4.


REUTERS - A French court said on Friday it is delaying until August 4 its decision on whether to launch a legal inquiry into the role of IMF chief Christine Lagarde in a 2008 arbitration payout.

An official at the Court of Justice of the Republic read a statement to reporters saying that the decision had been postponed for a second time.

Lagarde, French finance minister until she took up her IMF post this week, has denied any misconduct in her approval of a 285 million-euro payment to a businessman friend of President Nicolas Sarkozy to settle a dispute with a former state-owned  bank.

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