IMF chief summoned by French court over abuse of office

IMF chief summoned by French court over abuse of office

PanARMENIAN.Net - IMF chief Christine Lagarde has been summoned by a French court to answer questions over alleged abuse of office during her time as France's finance minister, her lawyer has said, according to BBC News.

Lagarde is to be questioned before a magistrate in May over her role in the awarding of financial compensation to businessman Bernard Tapie in 2008.

Lagarde, who took over as IMF chief in 2011, denies any wrongdoing. Her apartment was searched last month as part of the ongoing investigation.

As finance minister, Lagarde referred Tapie's long-running dispute with bank Credit Lyonnais to an arbitration panel, which awarded him 400m euros (£340m) damages. Tapie was a supporter of ex-President Nicolas Sarkozy.

Critics say she abused her authority but Lagarde denies any wrongdoing.

When asked about the court case at the end of a news conference on Thursday, April 18 she replied: "There is nothing new under the sun and ever since 2011 I had known very well that I would be heard by the investigating commission of the Courts de Justice."

"I'll be very happy to travel for a couple of days to Paris but it's not going to change my focus, my attention and my enthusiasm for doing the work that I do."

Last month, the IMF issued a statement affirming its confidence in Lagarde.

 Top stories
"This is way over the top and unacceptable," said attorney Mohammed Zarie, who heads a rights center in Cairo.
David Cameron said the ban would be imposed on MPs that "have been pushing for the unacceptable steps that have been taken.
“All sides need to remember that compromise means getting less than 100%,” Polish Foreign Minister Radoslaw Sikorski said.
The IAEA reported in 2008 that the laser facilities had been taken over by a private company that said it had no plans to enrich uranium.
Partner news
Soghomon Tehlirian assassinated Talaat Pasha on March 15, 1921

Operation Nemesis was a covert operation by the Armenian Revolutionary Federation carried out from 1920 to 1922, during which a number of former Ottoman political and military figures were assassinated for their role in the Armenian Genocide.