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)
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FILE: Paris, France - 23 May, 2013
1. Lagarde arriving and entering court ahead of giving evidence
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2. Orange CEO Stephane Richard, Lagarde's former chief of staff, arriving at court house to give evidence
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3. Various of businessman Bernard Tapie shaking hands with well-wishers ahead of French-Italian summit
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4. Various of Christine Lagarde, head of the International Monetary Fund (IMF), at inaugural International Forum For Financial Inclusion
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.