Law Firm News
Today's Legal News Bookmark Page
IMF head Lagarde in court in fraud probe
Lawyer Blogs | 2013/05/20 18:45
International Monetary Fund chief Christine Lagarde is facing questions at a special Paris court Thursday over her role in the 400 million euro ($520 million) pay-off to a controversial businessman when she was France's finance minister.

The court hearing threatens to sully the reputations of both Lagarde and France. The payment was made to well-connected entrepreneur Bernard Tapie as part of a private arbitration process to settle a dispute with state-owned bank Credit Lyonnais over the botched sale of Adidas in the 1990s. It is seen by many in France as an example of the cozy relationship between big money and big power in France.

Lagarde has earned praise for her negotiating skills as managing director of the IMF through Europe's debt crisis and is seen as a trailblazer for women leaders. Her decision to let the Adidas dispute go to private arbitration rather than be settled in the courts has drawn criticism, and French lawmakers asked magistrates to investigate.

Lagarde, smiling at reporters, left her Paris apartment Thursday morning and appeared at a special court that handles cases involving government ministers. She has denied wrongdoing.

At the time of the payment, Tapie was close to then-French President Nicolas Sarkozy, who was Lagarde's boss. Critics have said the deal was too generous to Tapie at the expense of the French state, and that the case shouldn't have gone to a private arbitration authority because it involved a state-owned bank.


[PREV] [1] ..[1520][1521][1522][1523][1524][1525][1526][1527][1528].. [2418] [NEXT]
All
Legal News
Law Firm Business
Headline News
Court Center
Legal Watch
Legal Interview
Top Legal News
Attorneys News
Press Releases
Opinions
Lawyer Blogs
Firm Websites
Politics & Law
Firm News
Former Georgia insurance com..
Alabama woman who faked kidn..
A Supreme Court ruling in a ..
Trump wants N.Y. hush money ..
Supreme Court restores Trump..
Supreme Court casts doubt on..
Donald Trump appeals $454 mi..
Dani Alves found guilty of r..
Ken Paxton petitions to stop..
Attorney Jenna Ellis pleads ..
Trump arrives in federal cou..
Why Trump's bid for presiden..
Samsung chief is acquitted o..
UN court rejects most of Ukr..
Hong Kong court orders China..
Man sentenced to death for a..
Court in Thailand acquits pr..
The top UN court is set to h..
   Law Firm News



San Francisco Trademark Lawyer
San Francisco Copyright Lawyer
www.onulawfirm.com
Family Law in East Greenwich, RI
Divorce Lawyer - Erica S. Janton
www.jantonfamilylaw.com/about
Rockville Family Law Attorney
Maryland Family Law Attorneys
familylawyersmd.com
 
 
© Legal World News Center. All rights reserved.

The content contained on the web site has been prepared by Legal World News Center as a service to the internet community and is not intended to constitute legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. Legal Blog postings and hosted comments are available for general educational purposes only and should not be used to assess a specific legal situation. Business Lawyers Web Design.