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IMF board stands behind Lagarde over French probe

French magistrates earlier this week put Lagarde under formal investigation for 'negligence' in a corruption probe

Reuters  |  Washington 

The International Monetary Fund's board on Friday stood behind the global lender's leader Christine Lagarde, who is facing a criminal investigation in France tied to a political corruption probe dating from 2008. French magistrates earlier this week put Lagarde under formal investigation for "negligence" after questioning her in Paris for a fourth time. The long-running saga concerns allegations that tycoon Bernard Tapie won a large arbitration payout due to political connections when Lagarde was French finance minister. "The Executive Board has been ...

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First Published: Sat, August 30 2014. 02:31 IST
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