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IMF chief charged with 'negligence' over graft case

OWoN: So who's playing politics this time??? Worldwide, the corruption, dirt and sleaze of Political Graft is untangling. Secrets are being unveiled. It just needs Herzog to be extradited and we can Clean up America. The problem is - The dirty MSM won't call for it.

Yahoo News
By Andréa Bambino
28 August 2014

Paris (AFP) - IMF chief Christine Lagarde, one of the world's most powerful women, announced Wednesday she had been charged with "negligence" over a multi-million-euro graft case relating to her time as French finance minister.

The shock announcement came a day after she was grilled for more than 15 hours by a special court in Paris that probes ministerial misconduct, the fourth time she has been questioned in a case that has long weighed upon her position as managing director of the International Monetary Fund.

"The investigating commission of the court of justice of the French Republic has decided to place me under formal investigation," she said in exclusive comments to AFP.

In France, being placed under formal investigation is the nearest equivalent to being charged, and happens when an examining magistrate has decided there is a case to be answered.

It does not, however, always lead to a trial.

Asked whether she intended to resign from the IMF, she responded: "No." But her fate now hangs on the global lender's board of directors.

"I have instructed my lawyer to appeal this decision, which I consider totally without merit," said Lagarde, who replaced Dominique Strauss-Kahn as IMF chief in 2011 after he became embroiled in a New York sex scandal involving a hotel maid.

"I return back to Washington where I will indeed brief my board," she added.

IMF spokesman Gerry Rice said the board would meet Lagarde "as soon as possible".

"Until then, we have no further comment," added Rice.

French government spokesman Stephane Le Foll was similarly tight-lipped, saying Paris "had no comment to make on choices that are down to the IMF and no comment on judicial decisions".

- Disgraced tycoon -

The case relates to her handling of a 400-million-euro ($528-million) state payout to disgraced French tycoon Bernard Tapie in 2008, which investigating judges suspect may have been doled out in return for his support of ex-president Nicolas Sarkozy in the 2007 election.

The payout to Tapie was connected to a dispute between the businessman and partly state-owned bank Credit Lyonnais over his 1993 sale of sportswear group Adidas.

Tapie claimed Credit Lyonnais had defrauded him by intentionally undervaluing Adidas at the time of the sale and that the state, as the bank's principal shareholder, should compensate him.

Lagarde referred the dispute to a three-member arbitration panel that ruled in favour of Tapie and ordered the payout, which included 45 million euros in moral damages.

Investigating judges are seeking to determine whether the arbitration was a "sham" organised to reward Tapie for his support of Sarkozy.

The IMF chief has consistently denied having acted on the former president's orders. After a third grilling in March, she had said she "always acted in the interest of the country and in accordance with the law".

"After three years of procedure, the only surviving allegation is that through inattention I may have failed to block the arbitration that put an end to the long-standing Tapie litigation," Lagarde told AFP Wednesday.

She had until now avoided formal charges that could have forced her to quit as head of the IMF, and had instead been placed under a special witness status that forced her to come back for questioning when asked by the court.

Five people have also been charged in the case, including Stephane Richard, then Lagarde's chief of staff, now boss of telecoms giant Orange.

Questioning has in the past revolved around a signature stamp used in a letter dated from October 2007 that investigators think is crucial in determining who took the decision to resort to an arbitration panel.

Lagarde says she was unaware of the contents of the letter and has told judges it was stamped with her signature in her absence.

In France, those found guilty of "negligence" can be sanctioned by a year in prison and a 15,000-euro fine.



  1. It's about time...cut off the head and the body will die!

  2. Very curious: Former FBI Director Louis Freeh, seriously injured in a car crash, is hospitalized - under ARMED GUARD(?!)

    Posted By: MrFusion [Send E-Mail]
    Date: Thursday, 28-Aug-2014 16:40:24

    That's what it says in this news story, without further explanation of the "armed guard", other than to say that "Freeh's 'safety and security' were important." That actually doesn't make it any less mystifying. One thinks of the mysterious drowning of another former FBI director, William Colby. Perhaps Freeh wasn't supposed to survive...?

    Louis Freeh in surgery Tuesday after wreck
    Mike Donoghue, Free Press Staff Writer - August 26, 2014

    The Vermont State Police say there is no evidence that drugs or alcohol were a factor in former FBI director Louis Freeh's crashing his SUV in Barnard on Monday.

    Freeh, 64, of Wilmington, Del., was back in surgery Tuesday at Dartmouth-Hitchcock Medical Center in Lebanon, N.H., where he remains under armed guard, the authorities said. He received serious injuries in the wreck.

    ~~~~~ CONTINUE AT: ~~~~~

  3. Ms. Rivers was under sedation during a routine throat endoscopy, when she stopped breathing - overdose??

    Posted By: MrFusion [Send E-Mail]
    Date: Thursday, 28-Aug-2014 17:01:10

    In Response To: Have the Elite caused Joan Rivers to become critically ill for her Obama-is-gay and Michelle-is-a-tranny comment? (NaturalWisdom)

    I would suspect i.v. Valium was being used - just a guess, but I've had that for oral surgery. I suppose we will never know if there was an overdose...

    From E!online:
    UPDATE! Joan Rivers in Hospital Following Throat Surgery Complications, Condition Remains Critical
    by Corinne Heller - Aug 28 2014

    Have the Elite caused Joan Rivers to become critically ill for her Obama-is-gay and Michelle-is-a-tranny comment?

    Posted By: NaturalWisdom
    Date: Thursday, 28-Aug-2014 16:32:29

    Joan Rivers in intensive care, critical condition at hospital
    FOX News
    Aug 28, 2014

    NEW YORK – Joan Rivers was admitted to Mount Sinai hospital in New York Thursday morning, a rep for the hospital said in a statement.

    Joan Rivers Calls Obama The First Gay President And Says Michelle Obama Is a Tranny
    Bria Feliu | The Urban Daily
    Jul 7, 2014

  4. Fed Vice Chairman Warns: Your Bank May Seize Your Money to Recapitalize Itself
    Thu, August 28, 2014

    Recent comments delivered by Federal Reserve Vice Chairman Stanley Fischer suggest that not only are global and domestic economies still struggling, but the U.S. government itself is preparing financial contingency plans in anticipation of another widespread economic event.

    However, this time around, according to Fischer, the government won’t be bailing out financial institutions in need of cash. Instead, failing banks will turn directly to their unsecured creditors when they need money. And within this context, that means you.

  5. Bernie Sanders: I Want To Know If Ordinary People Are Ready to Stand and Fight – US Senator from Vermont is touring the country to capture pulse of populist sentiment and to see whether or not hunger exists for ‘political revolution’
    Thu, August 28, 201

    It’s called the ‘Fight For Economic Justice Tour,’ but it’s really what the self-identified Social Democrat described earlier this year as his attempt to travel the country in order to guage the country’s hunger for a grassroots ‘political revolution‘—couched in a possible presidential bid—to challenge the economic inequality and corporate malfeasance that have severly wounded the nation’s democary and are strangling its promise of shared prosperity.


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