In France, the court summoned the head of the International monetary Fund (IMF) Christine Lagarde. It will be interrogated by the high-profile “case Tapie – Crеdit Lyonnais” on payment by the authorities compensation of 400 million euros to businessman Bernard Tapie in the period when it was headed by the Ministry of Finance of the Republic. Now Lagarde is suspected of complicity in the fraud, according to Le Figaro.

Lagarde’s lawyer has already told reporters that she would appeal the summons. The Board of Directors of the IMF, in turn, expressed confidence that “the Director (of the IMF Christine Lagarde – Approx. NEWSru.com) able to effectively perform its functions”. “Madame Lagarde would like to reiterate that it acted in the interests of the French state and in full accordance with the law”, – said the press service of IMF.

The French courts started a formal investigation against the head of the IMF in August 2014. If the fault Lagarde is proved, she faces a prison term and a fine.

The roots of the scandalous proceedings out in 1993 when businessman and politician Bernard Tapie, a close friend of Nicolas Sarkozy, sold the company to Adidas. For the transaction was created by a consortium under the management of partially state-owned Bank Credit Lyonnais. When the sale took place, TAPI accused the Bank of fraud and demanded compensation.

In 2007 Lagarde, who was then the Finance Minister of France, referred the case Tapie to arbitration. Adopted them a year later, the decision caused a scandal: the businessman received from financial institutions about 403 million euros in compensation for disputes arising after the sale. Representatives while the opposition Socialist party of France accused the government of interference and pressure on the judicial system.

The rapid development of the investigation got after the arrival of socialists to power in 2012. At the end of June 2013 the consortium created for the transaction, filed a complaint against the arbitration decision. Later Tapie was charged with fraud in the criminal group.

Before Christine Lagarde was the beginning of the investigation of abuse of authority. Investigators believe that Lagarde could exceed the mandate in favor of Bernard Tapie in reviewing the legality of the transaction. May 24, 2013, after interrogation in court of the Republic, she received “intermediate” status in the case of a possible abuse of power. Now it passes on business as the witness, and it does not create any obstructions to stay in the post of head the IMF.

Christine Lagarde took over as head of the IMF Dominique Strauss-Kahn, who had to resign as a result of the sex scandal in 2011.




The head of the IMF Christine Lagarde was summoned to court on charges of fraud 18.12.2015

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