French Police Raid Home of IMF Boss Christine Lagarde
2013 03 20

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

Whistleblower: Margaret Thatcher knew all about underage sex ring
2014 07 29
Margaret Thatcher was told about alleged sex parties with under-age boys held by one of her closest aides claims her former personal bodyguard. Barry Strevens, who worked as the prime minister’s personal bodyguard, said that he passed on allegations about her confidant Sir Peter Morrison. The former senior police officer said that Lady Thatcher appointed Sir Peter deputy party chairman of the ...
The Absurd, Bureaucratic Hell That Is the American Police State
2014 07 29
“The greatest evil is not now done in those sordid ‘dens of crime’ that Dickens loved to paint. It is not done even in concentration camps and labour camps. In those we see its final result. But it is conceived and ordered (moved, seconded, carried, and minuted) in clean, carpeted, warmed and well-lighted offices, by quiet ...
Australian Government Pushing ‘Internet Tax’ To Pay For NSA Style Spying
2014 07 29
Forcing private companies to become mass surveillance hubs The Australian government is pushing to implement a ”surveillance tax” on the people of the country in order to pay for a mandate that would see communications companies retaining data on customers for two years. In a disturbing development that should serve as a warning to Americans, the Australian Attorney-General admitted that the surveillance ...
Japanese leader proposes first-ever ’Robot Olympics’
2014 07 29
Nations of the world will be sending their most talented athletes to Tokyo in 2020 for the Olympic Games – but if Japanese Prime Minister Shinzo Abe gets his way, they might also be pitting robots against each other. Abe announced his vision while touring robotics factories in Tokyo and Saitama, which is located just north of the country’s capital. According ...
Israel Student Union Set Up “War Room” to Sell Gaza Massacre on Facebook
2014 07 29
This article was published on July 14, 2014. The death toll in Gaza as of today, July 23, 2014, reaches 678 according to Al-Akhbar. Students at the IDC Herzliya “war room,” seen here in a screenshot, focus on posting propaganda justifying Israel’s attack on Gaza on Facebook. As the death toll from Israel’s savage bombardment of Gaza continues to climb, Israel has ...
More News »