IMF Chief Lagarde’s Home Searched by French Police
This article is for subscribers only.
French police searched the Paris home of International Monetary Fund Managing Director Christine Lagarde as part of an inquiry into an arbitration that awarded $500 million to a supporter of former President Nicolas Sarkozy.
The Cour de Justice de la Republique, which investigates ministers’ actions in office, is looking into whether Lagarde, a onetime finance minister under Sarkozy, erred in agreeing to an arbitration to end a dispute involving business tycoon Bernard Tapie. The raid, which took place yesterday, was confirmed by the Paris prosecutor’s office and Lagarde’s lawyer.