France: ministers' court wants to investigate Lagarde (IMF)
Audition tomorrow for her role in Tapie arbitration
(ANSAmed) - PARIS, MAY 22 - France's court of justice - the tribunal of French ministers - is about to decide whether to open an investigation on Christine Lagarde, director of the International Monetary Fund (IMF) since 2011, sources close to the probe said Wednesday. A former Economy and Finance minister under Nicolas Sarkozy from 2007 and 2011, Lagarde is involved in an investigation on false statements and embezzlement of public funds in connection with the controversial arbitration in favour of Bernard Tapie.
Lagarde is involved for her role in the arbitration in which businessman Bernard Tapie was granted 403 million euros in 2008 over a long dispute with the Credit Lyonnais bank. The ministers' tribunal, a body including three magistrates, is expected to question Lagarde on Thursday. Magistrates are reportedly questioning the fact that Lagarde decided not to appeal the arbitration which was subsequently considered as biased in favour of the French billionaire. After Lagarde's audition tomorrow, the tribunal is then expected to decide whether to formally investigate Lagarde or consider her 'an informed witness'.
Lagarde is involved for her role in the arbitration in which businessman Bernard Tapie was granted 403 million euros in 2008 over a long dispute with the Credit Lyonnais bank. The ministers' tribunal, a body including three magistrates, is expected to question Lagarde on Thursday. Magistrates are reportedly questioning the fact that Lagarde decided not to appeal the arbitration which was subsequently considered as biased in favour of the French billionaire. After Lagarde's audition tomorrow, the tribunal is then expected to decide whether to formally investigate Lagarde or consider her 'an informed witness'.
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