Christine Lagarde to be investigated for alleged role in political fraud case

[dipsydoodle]

Source: Guardian

The head of the International Monetary Fund, Christine Lagarde, was placed under formal investigation by French magistrates on Wednesday for her alleged role in a long-running political fraud case, a source close to the former French finance minister said.

The source said Lagarde, who was earlier questioned by magistrates in Paris under her existing status as a witness, believed the decision to investigate her for alleged negligence was unfounded and would appeal against it. A French judiciary source also confirmed the step.

In French law, magistrates place someone under formal investigation when they believe there are indications of wrongdoing, but that does not always lead to a trial.

The inquiry into the tycoon Bernard Tapie has embroiled several of former president Nicolas Sarkozy's cabinet members, including Lagarde.

Read more: http://www.theguardian.com/world/2014/aug/27/christine-lagarde-imf-investigated-alleged-political-fraud

[nikto]

1. Wo woulda' thunk it?

I am so shocked that International Big Money is corrupt.


Thank God fish don't swim.

That would even be a bigger shock.

[PADemD]

2. Great picture of Lagarde in the Guardian.

She's clutching her neck.

[still_one]

3. We will have to wait to see the evidence, but I would not be surprised if she is being framed

Especially in light of the usual suspects who had that position previously

[Dont call me Shirley]

4. IMF, fraud?

[elleng]

5. “After three years of investigation and dozens of hours of interrogation,

the committee concluded that I had not been guilty of any infraction,” Ms. Lagarde said in the statement, “so it was reduced to claiming that I had been insufficiently vigilant during the arbitration.”

http://www.nytimes.com/2014/08/28/business/international/christine-lagarde-imf-chief-under-investigation-in-france.html?hp&action=click&pgtype=Homepage&version=HpHeadline&module=second-column-region&region=top-news&WT.nav=top-news