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IMF board likely to back Lagarde during French probe: Sources

Lagarde has been tied to a political corruption probe

Reuters  |  Washington 

The International Monetary Fund's board is likely to stand behind the global lender's leader, Christine Lagarde, who is facing a criminal investigation in France tied to a political corruption probe, sources close to the board said. The 24-member board, which has the power to hire and fire the IMF's managing director, has not yet been briefed on the latest turn in the case dating from 2008, but three sources said it was unlikely to view the investigation as something that would interfere with Lagarde's duties. French magistrates on Wednesday put Lagarde under ...

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First Published: Fri, August 29 2014. 01:11 IST