The Ugly European

UGLY EUROPE: IMF HEAD CHARGED IN FRENCH PROBE FOR CORRUPTION AS FINANCE MINISTER…….

ugly european

IMF chief Lagarde ‘charged’ in French probe

IMF chief Lagarde 'charged' in French probe

Christine Lagarde, who revealed she had been charged on Wednesday after being questioned as part of a corruption investigation. Photo: AFP

Published: 27 Aug 2014 11:13 GMT+02:00

The shock announcement came a day after Lagarde was grilled for more than 15 hours by a special court in Paris that probes ministerial misconduct, the fourth time she has been questioned in a case that has long weighed upon her position as managing director of the International Monetary Fund.

“The investigating commission of the court of justice of the French Republic has decided to place me under formal investigation,” she said in exclusive comments to AFP.

In France, being placed under formal investigation is the nearest equivalent to being charged, and happens when an examining magistrate has decided there is a case to be answered. It does not, however, always lead to a trial and cases are often dropped at a later date.

More here.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.