Tuesday, August 16, 2011

Is it something about the job?

Christine Lagarde, the post-DSK chief of the International Monetary Fund (IMF) is being investigated for fraud.
The Court of Justice of the Republic today asked three appeal court magistrates to investigate whether the former French finance minister is guilty of "complicity in forgery" and or "complicity in misuse of public funds".

If she is brought to trial and found guilty she could face 10 years in prison and a fine of $202,155.

Lagarde, who took up her new post last month, has denied any wrongdoing or illegality in a case stemming from a massive payment to a controversial tycoon out of public funds in 2008 when she was still a minister.
It seems that the IMF executive board has expressed full confidence in Mme Lagarde. If I were her I'd get a very good lawyer. Then again, she probably has one.

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