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IMF Chief Under Investigation


The International Monetary Fund is investigating allegations that its chief, Dominique Strauss-Kahn, had an improper relationship with a female employee.

IMF lawyers have opened an independent probe into the charges, first reported Saturday by The Wall Street Journal.

The probe will look into whether Strauss-Khan abused his power as IMF managing director by showing favoritism to Piroska Nagy - an IMF official who has since left the fund.

Strauss-Kahn is a former French finance minister. He denies ever abusing his position at the fund, and says he is cooperating with investigators.

A report on the case is expected by the end of the month.

Last year, Paul Wolfowitz resigned from his position as World Bank president after authorities found he had arranged a promotion and generous pay package for his bank employee girlfriend.

Some information for this report was provided by AFP, AP and Reuters.

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