Lagarde corruption crisis raises question marks about the management of the International Monetary Fund
Lagarde corruption crisis raises question marks about the management of the International Monetary Fund
Date Published: Friday, August 29th, 2014
The International Monetary Fund is facing a new and confusing situation after the announcement of the prosecution of its director general Christine Lagarde, what revives bad memories associated with the resignation of former director general Dominique Strauss-Kahn three years ago.
And certainly, do not compare charges «negligence» directed to Christine Lagarde when she was Minister of Economy on charges of sexual assault that led to the fall of the former director in 2011, but the issue associated with the arbitration benefited a French businessman Bernard Tapie in 2008, may weaken the institution is facing stiff opposition Because of the austerity campaigns in Europe and the weak sound specialization for emerging countries.
Since the beginning of the investigation in the arbitration on the sale of sports equipment company Adidas, stop the board of directors of the International Monetary Fund, which represents 188 member states, in solidarity with its director general has repeatedly reiterated «confidence» in.
But Lagarde was only then «a witness has the help of a lawyer», which put the center of gravity of less than put «supplements» declared by the Court of the Republic in the wake of a fourth hearing in Paris on Tuesday.
The charge is punishable by «negligence» year in prison and a fine of 15 thousand euros.
Will this reduce development which surprised Fund, the support enjoyed by Lagarde, although he may enter the institution in crisis? Officially declined the International Monetary Fund from making any comment, and refused to former economy minister, told AFP resign, saying: It is «back to work in Washington», where the headquarters of the Fund and where would defend itself internally.
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