Mon | Aug 20, 2018

IMF boss being investigated for negligence

Published:Wednesday | August 27, 2014 | 1:55 PM

French authorities have formally opened a negligence investigation into Christine Lagarde, the head of the International Monetary Fund (IMF).

She has been questioned about her role in awarding €400 million in compensation to businessman Bernard Tapie in 2008.

Lagarde has denied any wrongdoing.

The 58-year-old IMF boss the was finance minister in the government of French president Nicolas Sarkozy's at the time of the award.

Tapie supported Sarkozy in the 2007 presidential election.

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