IMF Chief's Home Searched In Corruption Probe-Al Jazeera

IMF President Christine Lagarde
By Al Jazeera/Agencies

French police have carried out a raid on International Monetary Fund head Christine Lagarde's Paris home in connection with a probe into her handling of a high-profile scandal when she was a government minister.

Wednesday's investigation concerns Lagarde's 2007 decision to order a panel of judges to arbitrate in a dispute between disgraced tycoon Bernard Tapie and the bank Credit Lyonnais, which led to Tapie being awarded almost $500m.

Lagarde, who at the time was former president Nicolas Sarkozy's finance minister, has repeatedly denied wrongdoing in the case.

"This search will help uncover the truth, which will contribute to exonerating my client from any criminal wrongdoing," said Yves Repiquet, Lagarde's lawyer.

"Mrs. Lagarde has nothing to hide," he added.

Tapie, who was a minister under former president Francois Mitterand, had argued that the publicly owned Credit Lyonnais had defrauded him by consciously undervaluing Adidas, a sportswear brand, when he sold it in 1993.

He was jailed in 1993 in a match-fixing scandal involving Olympique Marseille, a French football club, he formerly owned.

Frank Guillory, a french journalist, told Al Jazeera that his first impression of the raid was that there could be some sort of political influence, as Lagarde was a centre-right cabinet minister, and the current administration is socialist.

Guillory said that it would be "a very bad calculation" for French President Francois Hollande and his government, as Christine Lagarde represents France's public image as head of the IMF.

"After what happened with the former IMF chief, Dominique Strauss-Kahn, I think a second french IMF head being involved with some kind of scandal will be devastating for France's image worldwide," said Guillory.

Lagarde was chosen to lead the IMF in 2011 after her predecessor Dominique Strauss-Kahn was forced to resign following a sex-scandal.

The IMF refused to comment on the police raid, stating it would not be appropriate to comment on a case "that has been and is currently before the French judiciary".

11 comment(s)
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Largad's Middle finger salute

Yes she is Nigerian already by attitude. Ha ha.

Haha! What an offensive

Haha! What an offensive Photo...Madam! lolz


She's not a Nigerian

Unfortunately Madam, you're not a Nigerian. Otherwise, I'll have assured you of your UNTOUCHABILITY by any security agency. And even if that ever happens, I could have also assured you of a STATE PARDON.

Do you start to think about taking Nigerian citizenship?

the middle finger?

Is that woman giving the one finger salute to the french police?


Any International corrupt maggots should come to Nigeria to pay homage to the Lord of Corrupt maggots. Come to Nigeria and see a government house where rogues architect a very sophisticated kick-backs,over invoicing,advanced fee fraud in contract,subsidizing public utilities for privatization,organizing thanksgiving for easy transfer of money,organizing religious appeal fund to generate money for campaigns,etc. The criminal gangs in Mexico,Bolivia,Sicily,Haiti and India have concluded arrangements to award Jonathan.


It would be so good for Africa and 9ija if they Banged this woman up!!
Cheeky woman giving the Middle finger!! They are the Major straw holding Leaches of Africa

Come over to Naija

These people should come over to Naija and hold government posts and positions where they will be celebrated for stealing and given national 'honour' and awards for corruption!!  With good negotiation they can even be paid in Euro, Dollars or Pounds sterling. Ha ha ha ha ...

No one is above the law

No one is above the law in developed countries. Irrespective of your status, you could face jail time for wrong doing. Unfortunately, this is not the case in Nigeria. Find Nigeria singles, jobs, properties,cars for sale online

Oyinbo the Inventors of Corruption

Oyinbo and corruption is like sugar and tea - they kinda always go together.

presidential pardon in the works...

presidential pardon in the works...


Dr Dumbo, Alamiyeseigha, Anenih and Bode George will soon be next to have their homes searched for materials linked to abuse of office and corruption.

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