IMF CHIEF CHRISTINE LEGARDE IN PARIS COURT FOR GRILLING
OVER PAYOUT SCANDAL
PARIS: IMF chief Christine Lagarde arrived in court on Thursday to be questioned by a French magistrate over her role in a 285-million-euro ($366 million) arbitration payment made to a supporter of former president Nicolas Sarkozy.
Lagarde risks being placed under formal investigation at the hearing for her 2007 decision as Sarkozy's finance minister to use arbitration to settle a long-running court battle between the state and high-profile businessman Bernard Tapie.
Under French law, that step would mean there exists "serious or consistent evidence" pointing to probable implication of a suspect in a crime. It is one step closer to trial but a number of such investigations have been dropped without any trial.
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IZAKOVIC
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http://timesofindia.indiatimes.com/business/international-business/IMF-chief-Christine-Lagarde-in-Paris-court-for-grilling-over-payout-scandal/articleshow/20223245.cms
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