Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

The building believed to contain the home of Managing Director of the International Monetary Fund Christine Lagarde, in Paris AP Photo/Francois Mori

IMF

Investigators search home of IMF chief Christine Lagarde

The IMF chief’s lawyer said that the search is part of an inquiry into her role in a $400 million arbitration deal in favour of a tycoon.

A LAWYER FOR IMF chief Christine Lagarde says French investigators have searched her Paris home as part of an inquiry into her role in a €308 million arbitration deal in favour of a tycoon.

The lawyer, Yves Repiquet, says Lagarde has nothing to hide and welcomed the search as another step in proving her innocence.

Lagarde was France’s finance minister when magnate Bernard Tapie won a 2008 settlement with a state-owned bank over the mishandled sale of Adidas in the 1990s. Critics said the settlement was too generous.

Questions about the settlement began before Lagarde was appointed head of the Washington-based International Monetary Fund after her predecessor, Dominique Strauss-Kahn, quit to face charges he tried to rape a New York hotel maid. The charges against Strauss-Kahn were dropped.

Read: Enda Kenny meets IMF chief Christine Lagarde in Dublin>

Author

AFP

View 35 comments

Send Tip or Correction

35 Comments

Defamation

Damaging the good reputation of someone, slander, or libel.
Racism or Hate speech

An attack on an individual or group based on religion, race, gender, or beliefs.
Trolling or Off-topic

An attempt to derail the discussion.
Inappropriate language

Profanity, obscenity, vulgarity, or slurs.
Spam

Advertising, phishing, scamming, bots, or repetitive posts.
Other

News in 60 seconds

The Journal supports the work of the Press Council of Ireland and the Office of the Press Ombudsman, and our staff operate within the Code of Practice. You can obtain a copy of the Code, or contact the Council, at https://www.presscouncil.ie, PH: (01) 6489130, Lo-Call 1800 208 080 or email: mailto:info@presscouncil.ie