ruling delayed on criminal probe into imf\s lagarde
Last Updated : GMT 06:41:18
Arab Today, arab today
Arab Today, arab today

Ruling delayed on criminal probe into IMF\'s Lagarde

Arab Today, arab today

Arab Today, arab today Ruling delayed on criminal probe into IMF\'s Lagarde

Paris - AFP

A French court on Friday delayed its ruling on whether the new head of the IMF, former French finance minister Christine Lagarde, will face a criminal probe over her handling of a tycoon\'s lawsuit. The Court of Justice of the Republic, which is charged with deciding whether ministers can be investigated over alleged offences committed in office, said it had pushed back its much-anticipated decision until August 4. A statement from the court said simply that one of its members had \"belatedly\" decided to recuse himself from the case, delaying proceedings. It had been due to rule on Friday, just three days after Lagarde took up her new responsibilities at the International Monetary Fund, the world\'s lender of last resort and a pillar of global financial governance. The IMF board chose Lagarde for the job despite allegations that she abused her authority in cutting short a legal battle between tycoon Bernard Tapie and his bank and sending the parties into binding arbitration. The arbitration panel eventually decided the businessman should be paid 385 million euros from the public purse in damages and interest after the alleged mishandling by Credit Lyonnais of the sale of his sportswear brand Adidas. Credit Lyonnais was state-run at the time of disputed transaction, and its debts were later collected under the CDR -- a \"bad bank\" set up and run by the state to regroup the group\'s disputed and bad debts. As such, the damages and interest owed to Tapie, of which he has reportedly already received around 200 million euros, have had to come from the public purse, triggering public anger at a time of economic austerity. Lagarde\'s political opponents have criticised the decision to cut short the legal battle between the CDR and Tapie, an acquaintance of President Nicolas Sarkozy, and prosecutors allege she may have exceeded her powers. Last month, judicial sources told AFP that prosecutors have begun a second inquiry into whether the head of the CDR concealed information relevant to the arbitration from his own board. Lagarde is not personally targeted in this second inquiry, but the official was under her ministry\'s authority and the investigation has only added to the climate of suspicion surrounding her handling of the Tapie case. Officials in Lagarde\'s office, speaking on condition of anonymity, last month dismissed the latest allegations as a rehash of a report on a news website earlier this month \"with the same errors and inaccuracies\". She, meanwhile, insists she herself did nothing wrong in taking a decision she said saved time and public money by halting a lengthy legal battle. Lagarde, a 55-year-old former corporate lawyer, took up the Washington post at the IMF to replace the previous French leader of the institution, economist and Socialist politician Dominique Strauss-Kahn. Strauss-Kahn was forced to resign when he was arrested after being accused of sexual assault by a New York hotel maid. His trial continues, despite the prosecution admitting to doubts about the alleged victim\'s testimony.

arabstoday
arabstoday

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*

ruling delayed on criminal probe into imf\s lagarde ruling delayed on criminal probe into imf\s lagarde

 



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*

ruling delayed on criminal probe into imf\s lagarde ruling delayed on criminal probe into imf\s lagarde

 



Arab Today, arab today
Arab Today, arab today Skincare PR Performance Full Year 2017

GMT 10:35 2018 Monday ,22 January

Skincare PR Performance Full Year 2017
Arab Today, arab today New hunt for flight MH370 gets under way

GMT 02:36 2018 Wednesday ,24 January

New hunt for flight MH370 gets under way
Arab Today, arab today Modern colorful bedroom renovation

GMT 11:23 2017 Thursday ,21 December

Modern colorful bedroom renovation
Arab Today, arab today France sanctions businesses linked

GMT 01:58 2018 Wednesday ,24 January

France sanctions businesses linked
Arab Today, arab today Turkey detains dozens more

GMT 02:09 2018 Wednesday ,24 January

Turkey detains dozens more
Arab Today, arab today
Arab Today, arab today

GMT 07:22 2017 Thursday ,23 November

Zimbabwe's next leader heads home after Mugabe exit

GMT 07:23 2017 Thursday ,23 November

Zimbabwe's next leader heads home after Mugabe exit

GMT 22:38 2018 Tuesday ,23 January

Bahrain Press headlines

GMT 20:34 2018 Saturday ,20 January

Bahrain press headlines

GMT 16:25 2016 Thursday ,22 December

Italian bank Monte Paschi edges closer to state bailout

GMT 06:03 2014 Wednesday ,09 April

Please .. Let Gaza breathe!

GMT 09:12 2017 Friday ,17 November

Gleam Futures represents Grace Beverley

GMT 04:18 2017 Sunday ,26 November

Bella magazine appoints celebrity writer

GMT 06:00 2017 Sunday ,29 October

Childrenswear brand Once appoints Dyelog

GMT 16:33 2014 Thursday ,13 November

Al-Ehtimam Bil Aakhareen

GMT 03:34 2017 Sunday ,05 November

Needle & Thread relocates press office

GMT 14:56 2017 Thursday ,21 December

Ryanair says formally recognises pilots' union

GMT 01:41 2017 Saturday ,12 August

Moroccan video sparks debate on sexual harassment
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