Arab Today, arab today french police search imf chief lagarde\s home over tapie probe
Last Updated : GMT 09:51:11
Arab Today, arab today
Arab Today, arab today

French police search IMF chief Lagarde\'s home over Tapie probe

Arab Today, arab today

Arab Today, arab today French police search IMF chief Lagarde\'s home over Tapie probe

Paris -XINHUA

French police searched the home of IMF chief Christine Lagarde in Paris on Wednesday in an investigation into her handling of a scandal involving tycoon Bernard Tapie years ago.The search came as the head of International Montary Fund (IMF) is doubted for her role in a 400-million-U.S. dollar arbitration in favor of French magnate Tapie.Lagarde\'s lawyer Yves Repiquet confirmed the search of her home. He spoke to the press that his client has nothing to hide and the probe search will prove her innocence.The investigation focuses on the decision made by IMF director, who in 2008 as then-France\'s finance minister under Nicolar Sarkozy\'s administration, chose to order a panel of judges to settle by arbitration a legal dispute between businessman Tapie and the state-owned bank Credit Lyonnais over the mishandled sale of sports company Adidas in 1993.The arbitration resulted in Tapie winning 285-million-euro (367-million-dollar) payment (plus interest, totalling 400 million dollars) from Credit Lyonnais.Lagarde was suspected of complicity in embezzling public funds after she was accused of overruling objections from advisers over the setting of the controversial case with Tapie.However, the IMF chief denied any wrongdoing for approving the 400-million-dollar payout to Tapie.\"It (the arbitration) was the best solution at the time and I believe I made the right choice,\" she once claimed in a TV program in January during the World Economic Forum in Davos, adding that she would cooperate with the authorities if and when needed to do so.The International Monetary Fund made no comment Wednesday over French police\'s raid on Lagarde\'s home.\"It would not be appropriate to comment on a case that has been and is currently before the French judiciary,\" the IMF said in a statement, but confirming that the issue had been discussed before Lagarde took over the post from its resigned-director Dominique Strauss-Kahn, and the organization believes that \"Madame Lagarde would be able to effectively carry out her duties as Managing Director,\" IMF spokesman Gerry Rice said

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today french police search imf chief lagarde\s home over tapie probe Arab Today, arab today french police search imf chief lagarde\s home over tapie probe

 



Arab Today, arab today
Arab Today, arab today Nohan Seyam designs beautiful accessories

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today 11 family members dead in rebel push

GMT 07:57 2017 Tuesday ,21 February

11 family members dead in rebel push
Arab Today, arab today To probe sexual harassment claims

GMT 10:08 2017 Tuesday ,21 February

To probe sexual harassment claims

GMT 05:15 2017 Tuesday ,21 February

Gold firms as markets await Trump tax plans

GMT 04:58 2017 Tuesday ,21 February

EU, IMF in ‘common position’ on Greece crisis

GMT 14:57 2017 Monday ,20 February

A giant initial public offering on track

GMT 14:50 2017 Monday ,20 February

Energy Market Research

GMT 09:38 2017 Monday ,20 February

Japan returns to trade deficit in January
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Janat pleased for issuing 'Good Morning'

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 05:15 2017 Tuesday ,21 February

Omega 3 can reduce asthma cases

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 16:08 2017 Wednesday ,15 February

Shawsh reveals her collection "Jewelry of dreams"
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday