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France Investigating New IMF Chief

Scandal

For alleged abuse of authority as finance minister.

cheats/2011/08/04/france-investigating-new-i-m-f-chief/mcnicoll-lagarde_184691_lawqzs
Christine Lagarde. Credit: Haley / SIPA / AP Photo

It might be hard to find volunteers for this position soon. France is investigating Christine Lagarde, who took over the International Monetary Fund after Dominique Strauss-Kahn's arrest, for abuse of power during her time as France's finance minister. Lagarde is accused of wrongly forcing a bank to enter binding arbitration with a controversial businessman and former left-wing politician who had recently switched sides to support President Nicolas Sarkozy. The tycoon, Bernard Tapie, won $400 million from the deal.

Read it at Associated Press

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