Thursday, August 04, 2011

New IMF head under investigation for abuse of authority

Did Christine Lagarde, while finance minister of France, illegitimately intervene in a lawsuit to help a supporter of French President Nicolas Sarkozy?

Lagarde has denied any misconduct and the Washington-based International Monetary Fund, where she started as managing director last month, said its board was confident she would be able to effectively carry out her duties despite the investigation.

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