Lagarde probe is for complicity in misuse of funds

August 4, 2011 17:04


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

PARIS - A French investigation into IMF head Christine Lagarde's role in an 2008 arbitration payout will center on allegations she was complicit in the misuse of public funds, the court's prosecutor said on Thursday.

The Court of Justice of the Republic, a special tribunal qualified to judge ministers, earlier announced its decision to proceed with the probe following a judicial panel review.

Lagarde has denied any misconduct in her approval of a 285 million euro ($407 million) payment to businessman Bernard Tapie when she was finance minister to settle a long-running legal dispute with a former state-owned bank.

Related Content

Breaking news
August 22, 2018
Powerful quake hits Venezuela coast, damage limited