Sunday, March 24, 2013
Associated Press, Talking Points Memo
Submitted by: Editor

IMF chief’s home searched in $400 million scandal

French Investigators search home of IMF chief Christine Lagarde in probe of her role in a $400 million arbitration deal in favor of a tycoon.

[TPM] Lagarde was France’s finance minister when magnate Bernard Tapie won a 2008 settlement with a state-owned bank over the mishandled sale of Adidas in the 1990s. Critics said the settlement was too generous.

Posted by Editor on 03/24/13 at 09:30 AM •  (0) Comments

Tags:  banking, fraud, scandal,

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