The newly-elected head of the International Monetary Fund, Christine Lagarde, is to face a judicial inquiry into whether she was wrong to approve a large out of court settlement to a controversial French businessman Bernard Tapie.
Close supporter of Nicolas Sarkozy, Bernard Tapie was paid according to sources from the team in charge of the judicial inquiry, £249m from the French state in 2008 to settle a decade long court battle with the bank Credit Lyonnais, but a court has ruled that Lagarde`s decision should be investigated over concerns that she ignored expert advice.
In 2008 Christine Lagarde was the acting French Finance minister and Tapie was the chairman of the football club Olympique de Marseille when the deal was passed between the French businessman and the state represented by the former French finance minister Christine Lagarde.
Lagarde who was speaking last night after a meeting with Jean Claude Trichet in an attempt to calm fears over the debt crisis by announcing a return to its bond buying programme, confirmed that if there is or would be any judicial inquiry against her she will seek advice from her legal department and then she will comply totally with the inquiry without damaging the work that she is doing within the International Monetary Fund in dealing with the debt crisis within the Eurozone.
In 2008 Christine Lagarde was the acting French Finance minister and Tapie was the chairman of the football club Olympique de Marseille when the deal was passed between the French businessman and the state represented by the former French finance minister Christine Lagarde.
Lagarde who was speaking last night after a meeting with Jean Claude Trichet in an attempt to calm fears over the debt crisis by announcing a return to its bond buying programme, confirmed that if there is or would be any judicial inquiry against her she will seek advice from her legal department and then she will comply totally with the inquiry without damaging the work that she is doing within the International Monetary Fund in dealing with the debt crisis within the Eurozone.
No comments:
Post a Comment