Lagarde faces court probe over deal

A French court has decided to investigate new IMF chief Christine Lagarde’s role in a $400m (€280m) arbitration deal in favour of a controversial tycoon.

Lagarde faces court probe over deal
Thu, 04 Aug, 2011 - 14:24

A French court has decided to investigate new IMF chief Christine Lagarde’s role in a $400m (€280m) arbitration deal in favour of a controversial tycoon.

Ms Lagarde was France’s finance minister when magnate Bernard Tapie won a settlement in 2008 with a French state-owned bank over the mishandled sale of sportswear maker Adidas in the 1990s.

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CourtsHeathrowPlace: New YorkPerson: LagardePerson: Christine LagardePerson: Bernard TapiePerson: Dominique Strauss-KahnPerson: Gerard PalissePerson: Yves RepiquetPerson: Strauss-KahnOrganisation: IMFOrganisation: AdidasOrganisation: Court of Justice of the RepublicOrganisation: International Monetary FundOrganisation: France’sOrganisation: Credit Lyonnais
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