IMF boss Christine Lagarde to be formally charged after 'abusing position with £270million fraud and embezzlement scam'

25/05/2013 13:13

Source: Daily Mail

Pressure mounted on Christine Lagarde, head of the International Monetary Fund, today, when a French government minister said that she would have to resign if she was charged with corruption.

Najat Vallaud-Belkacem, who holds the women’s rights portfolio, spoke out as Mrs Lagarde was questioned by magistrates over claims that she had squandered €403 million of taxpayers’ money in an illegal deal.

French news outlets say it is likely that the managing director of the IMF will be placed under investigation by the Court of Justice of the Republic (CJR) – the equivalent of charging a suspect in the UK – for allegedly aiding and abetting embezzlement and fraud.

'Objectively, knowing the IMF and the way this type of institution works, I tend to think that if she was placed under investigation, she would without doubt be asked to quit her post,' said Mrs Vallaud-Belkacem, who is also the official spokeswoman for President François Hollande’s Government.

Her comments appeared to dash Mrs Lagarde’s hopes of whipping up a French-led campaign to save her $467,940-a-year job.


Claims: The raid relates to claims Miss Lagarde authorised a £270million payout to Bernard Tapie




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