Welcome to Ebere Samuel's Blog: Fraud probe

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<span style="background-color: rgba(255, 255, 255, 0);">IMF Chief Lagarde Questioned In French Fraud Probe</span></h4>
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<header style="box-sizing: border-box; padding-bottom: 8px;"><span style="background-color: rgba(255, 255, 255, 0);"><span class="entry-date" style="box-sizing: border-box; font-style: italic;">— Aug 28, 2014</span> | </span></header><div class="elements-box" style="box-sizing: border-box; margin: 0px;">
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<span style="background-color: rgba(255, 255, 255, 0);">Christine Lagarde, the chief of the International Monetary Fund (IMF), has been placed under formal investigation in a corruption probe that dates back to her days as France’s finance minister.</span></div>
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<span style="background-color: rgba(255, 255, 255, 0);">The inquiry relates to allegations that tycoon Bernard Tapie, a supporter of Conservative former president Nicolas Sarkozy, was improperly awarded $531m in arbitration to settle a dispute with the now defunct, state-owned bank Credit Lyonnais.</span></div>
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<span style="background-color: rgba(255, 255, 255, 0);">Largarde’s lawyer Yves Repiquet told the Reuters news agency that Lagarde was this week questioned by magistrates in Paris for a fourth time under her existing status as a witness in the long-running saga.</span></div>
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<span style="background-color: rgba(255, 255, 255, 0);">“We are appealing it,” Repiquet said by telephone, adding that his client, who was due to return to IMF headquarters in Washington later on Wednesday, had no plans to resign.</span></div>
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<span style="background-color: rgba(255, 255, 255, 0);">In a statement earlier in the day, Lagarde said the decision was “without basis”.</span></div>
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<span style="background-color: rgba(255, 255, 255, 0);">“After three years of proceedings, dozens of hours of questioning, the court found from the evidence that I committed no offense, and the only allegation is that I was not sufficiently vigilant,” she said.</span></div>
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<span style="background-color: rgba(255, 255, 255, 0);">In French law, magistrates place someone under official investigation when they believe there are indications of wrongdoing, but that does not always lead to a trial.</span></div>
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<span style="background-color: rgba(255, 255, 255, 0);">The inquiry has already embroiled several of Sarkozy’s cabinet members and France Telecom chief executive Stephane Richard, who was an aide to Lagarde when she was finance minister.</span></div>
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<em style="background-color: rgba(255, 255, 255, 0); box-sizing: border-box;">—Al Jazeera</em></div>
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IMF Chief Lagarde Questioned In French Fraud Probe

IMF Chief Lagarde Questioned In French Fraud Probe — Aug 28, 2014 | Christine Lagarde, the chief of the International...

IMF Chief Lagarde Questioned In French Fraud Probe

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