IMF LAGARDE SCANDAL: CORRUPTING DEMOCRACY IS NOT ALLOWED IN FRANCE

IMF LAGARDE SCANDAL: CORRUPTING DEMOCRACY IS NOT ALLOWED IN FRANCE

She should resign: it is a matter of decency

According to BBC http://www.bbc.com/news/world-europe-28948925 :

French authorities have formally opened a negligence investigation into Christine Lagarde, the head of the International Monetary Fund (IMF).  She has been questioned about her role in awarding 400m euro (£318m; $527m) in compensation to businessman Bernard Tapie in 2008.

Ms Lagarde, 58, was finance minister in President Nicolas Sarkozy's government at the time of the award. Mr Tapie supported Mr Sarkozy in the 2007 presidential election.

She replaced Dominique Strauss-Kahn as IMF managing director in 2011. Mr Strauss-Kahn - also a former French minister - resigned following his arrest in New York on charges of sexual assault that were later dropped. The charge proved to be wrong, it was just a CIA operation to prevent him to support the adoption of a new currency for international trade and Banks reserve  and to discredit him as candidate in national election . Lagarde is much more severe fault. She is not only corrupting election but has the charge of trafficking influences. This servant of the US neoliberal foreign policies  believes she is above the Law:

Ms Lagarde belongs to the same opposition UMP party as Nicolas Sarkozy, who has also been placed under formal investigation on suspicion of seeking to influence judges who were looking into his affairs.

Mr Sarkozy was detained for questioning in July - the first time a former French head of state has been held in police custody. He is hoping to challenge again for the presidency in 2017 and the allegations are seen as a blow to his hopes of returning to office.

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According to zerohedge http://www.zerohedge.com/news/2014-08-27/dsking-christine-lagarde-imf-head-formally-charged-fraud-probe

 

“Several hours ago the news hit that a French court has put Christine Lagarde, head of the International Monetary Fund, under a formal probe for negligence in a corruption investigation dating back to her days as finance minister. To be sure, this development is hardly a shock: recall that it was over a year ago when "IMF's Lagarde Flat Raided Over French 'Payout' Probe" with her ascent to the head of the IMF also riddled with numerous allegations of impropriety involving the Tapie matter. However, until now, such outside interventions were below the radar, and certainly never escalated to anything formal or official. Alas, it now appears that Madame's time has come, even if Lagarde hasn't grasped it just yet. 

From the WSJ: 

The investigation is part of a complex, drawn-out probe into the alleged misuse of state funds. The case stems from a decision in the 2008 to use arbitration to settle a dispute with business tycoon Bernard Tapie. The arbitration panel awarded €420 million to Mr. Tapie.

The only question is who and why was angered by her policies over the past three years, and who will be her replacement. And most importantly, is the imminent shift at the top of the IMF indicative of what the CFR pitched yesterday when it proposed that the time has come for Bernanke's money paradrop. After all, one would need an even more obedient puppet at the head of the monetary fund if such an idiotic plan is to even be able to take off the ground, so to speak.

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According to RT http://rt.com/news/183076-lagarde-corruption-charged-imf/ IMF chief confirms she faces 'negligence' charges in multi-million euro fraud case. Published time: August 27

IMF chief Christine Lagarde has confirmed that she is being investigated for alleged "negligence" in a corruption probe when she was French Finance Minister in 2008, she told AFP.

“The investigating commission of the Court of Justice of the French Republic has decided to place me under formal investigation,” Lagarde told AFP.

The case relates to the time when Lagarde, as France’s then-Finance Minister, was responsible for a €400 million (658 million Swiss francs, $527 million) state payout to controversial French businessman Bernard Tapie in 2008.  According to critics, the deal was too generous, and indicated that there was too cozy a relationship between leading businesspeople and government politicians in France.

According to Ditto comment in RT: 

"The scandal threatened to expose an alleged corrupt system at the highest level in the country during the presidency of Nicolas Sarkozy."

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