French Police Raid Home of IMF Boss Christine Lagarde
2013-03-20 0:00

From: The Australian

French police have raided the Paris home of IMF chief Christine Lagarde in connection with a probe into her handling of a high-profile scandal when she was a government minister.

The investigation concerns Ms Lagarde’s 2007 decision to ask an arbitration panel to rule on a dispute between disgraced tycoon Bernard Tapie and the collapsed bank Credit Lyonnais.

The arbitration resulted in Tapie being awarded around 400 million euros ($500 million) - an outcome that triggered outrage among critics who insisted the state should never have taken the risk of being forced to pay money to Tapie, a convicted criminal.

That view has been effectively endorsed by the CJR, a court established to assess potentially suspect actions by government ministers in office.

The CJR has deemed Ms Lagarde’s decision to send the Tapie case to arbitration "questionable" and suggest she was personally complicit in a process characterised by "numerous anomalies and irregularities".

[...]

Read the full article at: theaustralian.com.au



Related Articles
Iceland Was Right, We Were Wrong: The IMF
IMF’s Peter Doyle scorns its ’tainted’ leadership
IMF Head and Sarkozy embroiled in new corruption inquiry


Latest News from our Front Page

Police Attacked by Mob in Cincinnati, Rescue White Man from Black Beatdown
2015-07-07 0:28
Cincinnati police form a line against mob violence July 4, 2015. Photo: Cincy vs Everyone Fireworks, rocks, bottles and punches were thrown at Cincinnati police by a mob of people gathered for a Fourth of July hip hop and electronica concert late Saturday night. Several officers were wounded including one who needed stitches after a thrown glass bottle struck him in ...
California Rabbi Calls on Amazon to Cease Selling Books on Holocaust Denial
2015-07-07 0:47
A Sacramento rabbi has called on Amazon to ban the sale of books promoting Holocaust denial, CBS Sacramento reported on Friday. “Blatant anti-Semitism,” said Sacramento Rabbi Mendy Cohen, according to the report. “To deny the Holocaust is another mask of blatant anti-Semitism.” Among the books for sale to Amazon customers are titles such as Did Six Million Die? The Truth at Last and The Myth ...
Inna Shevchenko: Naked Breasts Are Political Weapons
2015-07-06 23:46
Inna Shevchenko, the leader of the Femen movement, is not an obscure individual in Europe and much of the Western world. She once bragged: “I’m proud to say we brought the idea of feminism and women’s rights to a politically ignorant part of the world like Ukraine, Russia, Belarus. And I’m proud to say I think we brought feminism back on to ...
Cleric said to be behind Tunisian beach massacre is living on benefits in Britain
2015-07-06 23:11
Cleric said to be behind Tunisian beach massacre is living on benefits in Britain A leader of the terrorist group suspected of being behind the Tunisian beach massacre is living on benefits in Britain. Hani al-Sibai, an al-Qaeda cleric suspected of radicalising "Jihadi John", lives in a £1 million house leafy street in fashionable west London. He is said to be one of ...
Bakers Facing $135K Fine Over Wedding Cake for Same-Sex Couple Speak Out
2015-07-06 23:57
(function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) return; js = d.createElement(s); js.id = id; js.src = "//connect.facebook.net/en_US/sdk.js#xfbml=1&version=v2.3"; fjs.parentNode.insertBefore(js, fjs);}(document, 'script', 'facebook-jssdk'));A Daily Signal Exclusive: Bakers Facing $135K Fine Over Wedding Cake for Same-Sex Couple Speak OutPosted by The Daily Signal on Monday, April 27, 2015 From the video source: Bakers Facing $135K ...
More News »