IMF chief Lagarde appears before French magistrate for corruption probe

August 27, 2014 03:18 pm | Updated November 17, 2021 12:36 am IST - PARIS

International Monetary Fund chief Christine Lagarde. She and her former chief of staff face questions about their role in a 400 million-euro ($531 million) payment to a businessman.

International Monetary Fund chief Christine Lagarde. She and her former chief of staff face questions about their role in a 400 million-euro ($531 million) payment to a businessman.

IMF chief Christine Lagarde said she is under official investigation for negligence in a French corruption probe that dates back to her days as finance minister.

In a statement on Wednesday after a fourth round of questioning before magistrates, Ms. Lagarde said she was returning to her work in Washington later in the day and said the decision was “without basis.”

She and her former chief of staff face questions about their role in a 400 million-euro ($531 million) payment to a businessman.

The payment was made to Bernard Tapie in a dispute with state-owned bank Credit Lyonnais over the botched sale of sportswear company Adidas.

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