• IMF supports Lagarde in the face of accusations of corruption

    31/08/2014




     
     

    Remains confident in her ability to carry out its functions
    IMF supports Lagarde in the face of accusations of corruption




     


    The Board of Directors of the International Monetary Fund endorsed Christine Lagarde the Director who is facing a criminal investigation in France linked to the investigation into a corruption case dating back to 2008. According to ' German ', the Council said in a statement released in Washington that he still believes in the capabilities of Lagarde on performing its tasks well, adding that he was aware of recent developments in the matter, but that it was inappropriate to comment on the process perspective in France regarding the potential manipulation of public funds in France.
    LaGarde accused the opportunity of French businessman Bernard Tapie during her French Finance Ministry for 400 million euros in compensation in violation of the rules. The Board has a concise investigation progress regularly as lime rice, spokesman for the Fund, adding that he ' could not be any charges until now. LaGarde was questioned in Paris Tuesday for a fourth time on the issue before the Court concerned to investigate breaches of the Ministers by French media reports. At the end of the meeting, Lagarde said that the court charged with neglect, and refused to resign from the Presidency of the Fund and its lawyers to oppose the Court's decision, and LaGarde continually did not commit any errors while attached to the Ministry of finance. After a questioning session in France returned LaGarde to IMF headquarters in Washington, the case involved a decision by Lagarde on the Arbitration Committee to settle a dispute spread between Government and businessman Bernard Tapie on selling sports clothing company adidas, which was owned by him.
    The Arbitration Commission has decided to require the State to pay 400 million euros to Tapie as compensation an amount higher than what could expect if they were leaving the issue to be resolved by the courts, LaGarde advisers have rejected on continuing the case. And then supported President refuses French at that time Nicolae Sarkozy in the 2007 presidential election, raising doubts about the possibility of a deal between the French Government and business man, and charges have been already five people including TAPI, senior Ministry of finance and Stéphane Richard, Chairman of France Telecom. The LaGarde has assumed the chairmanship of the International Monetary Fund to replace its Dominique Strauss-Kahn, who resigned in 2011 after being accused of sexual harassment by a hotel worker in America.

     

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