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IMF Chief Lagarde Under Investigation in France

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Christine Lagarde, the chief of the International Monetary Fund, was placed under official investigation for negligence in a French corruption probe that dates back to her days as France's finance minister. (Aug. 27)

SHOTLIST:

AP TELEVISION -- AP CLIENTS ONLY

FILE: Paris, France - 23 May, 2013

1. Lagarde arriving and entering court ahead of giving evidence

FILE: Paris, France - 19 March, 2014

2. Orange CEO Stephane Richard, Lagarde's former chief of staff, arriving at court house to give evidence

FILE: Aix-en-Provence, France - 16 December, 1994

3. Various of businessman Bernard Tapie shaking hands with well-wishers ahead of French-Italian summit

FILE: Mexico City, Mexico - 26 June, 2014

4. Various of Christine Lagarde, head of the International Monetary Fund (IMF), at inaugural International Forum For Financial Inclusion

VOICE-OVER SCRIPT:

THE HEAD OF THE INTERNATIONAL MONETARY has been placed UNDER INVESTIGATION in a French corruption probe.

CHRISTINE LAGARDE AND HER FORMER CHIEF OF STAFF FACE QUESTIONS FROM HER TIME AS THE FRENCH FINANCE MINISTER.

AT ISSUE--A MORE THAN HALF-A-BILLION DOLLAR PAYMENT TO a BUSINESSMAN.

THAT PAYMENT WAS MADE AFTER A DISPUTE BETWEEN THE STATE OWNED BANK OVER THE BOTCHED SALE OF SPORTSWEAR COMPANY ADIDAS.

CRITICS SAY THE DEAL WAS TOO GENEROUS.

LAGARDE FACED A FOURTH ROUND OF QUESTIONING BEFORE MAGISTRATES WEDNESDAY.

SHE SAID IN A STATEMENT THAT THE DECISION TO PUT HER UNDER OFFICIAL INVESTIGATION FOR NEGLIGENCE WAS quote WITHOUT BASIS.

MATT FRIEDMAN. ASSOCIATED PRESS.

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