Skip to main content

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

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.

ADVERTISING

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.

This page is not available

The page no longer exists or did not exist at all. Please check the address or use the links below to access the requested content.