News / Europe

IMF Chief Named Key Witness in French Payoff Case

 IMF chief Christine Lagarde speaks to journalists after magistrates gave her a "supervised witness" status in an arbitration case, in Paris, May 24, 2013. IMF chief Christine Lagarde speaks to journalists after magistrates gave her a "supervised witness" status in an arbitration case, in Paris, May 24, 2013.
x
 IMF chief Christine Lagarde speaks to journalists after magistrates gave her a "supervised witness" status in an arbitration case, in Paris, May 24, 2013.
IMF chief Christine Lagarde speaks to journalists after magistrates gave her a "supervised witness" status in an arbitration case, in Paris, May 24, 2013.
VOA News
A French court has decided not to formally investigate IMF chief Christine Lagarde regarding her role in a controversial payoff while she was finance minister, but did name her as a key witness in the continuing probe.

The court's action Friday came after prosecutors questioned Lagarde for two days about her 2007 decision that led to the payment of about $500 million to settle a legal battle between the state and a close friend of former French President Nicolas Sarkozy.

Her status as key witness in the corruption probe leaves open the possibility that Lagarde could be charged at a later date if new evidence comes to light.  

Lagarde issued a statement Friday saying she was able to provide information to demonstrate that she always acted in the best public interest and in accordance with the law.

"I have just been heard by the investigating magistrates of the Court of Justice in a very complex and longstanding case that has opposed the liquidators of Bernard Tapie Group to Credit Lyonnais," said Lagarde. "Through this process, I was able to provide information to demonstrate that I have always acted in the best interest of the State and in accordance with the law. My status of assisted witness confirms this.  Now it's time for me to return to Washington, to pursue my mission as managing director of the IMF and to report to my board. Merci beaucoup. Thank you very much."

The payment was made to businessman Bernard Tapie as part of a private arbitration process to settle a dispute with state-owned bank Credit Lyonnais over a failed sale of Adidas in the 1990s.  

Investigators opened an inquiry in 2011 into possible charges of complicity to embezzlement of public funds.

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

You May Like

EU Court Fines Poland for Hosting CIA 'Black Sites'

Ruling is first time a court has acknowledged suspects were held and tortured at the sites, under US program launched following the 9/11 terrorist attacks More

Migrant Issues Close to Home Spur Groups to Take Action

Groups placing water, food in the desert, or aiding detainees after release, have one common goal: no more deaths of migrants crossing illegally into the US More

Video At AIDS Conference, Prevention Pill Stirs Excitement

Truveda shows promise, spurring debate over access and other approaches More

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Treatment for Childhood Epilepsy Heats up Medical Marijuana Debatei
X
Shelley Schlender
July 24, 2014 6:43 PM
In the United States, marijuana is classed as an illegal drug by the federal government. But nearly half the states have legalized it, to some degree. Proponents say some strains of marijuana might have exceptional health benefits, for treating pain or inflammation in chronic conditions such as cancer, multiple sclerosis and epilepsy. Shelley Schlender reports on a strain of medical marijuana developed in Colorado that is reputed to reduce seizures in childhood epilepsy
Video

Video Treatment for Childhood Epilepsy Heats up Medical Marijuana Debate

In the United States, marijuana is classed as an illegal drug by the federal government. But nearly half the states have legalized it, to some degree. Proponents say some strains of marijuana might have exceptional health benefits, for treating pain or inflammation in chronic conditions such as cancer, multiple sclerosis and epilepsy. Shelley Schlender reports on a strain of medical marijuana developed in Colorado that is reputed to reduce seizures in childhood epilepsy
Video

Video Airbus Adds Metal 3D Printed Parts to New Jets

By the end of this year, European aircraft manufacturing consortium Airbus plans to deliver the first of its new, extra-wide-body passenger jets, the A350-XWB. Among other technological innovations, the new plane will also incorporate metal parts made in a 3-D printer. VOA's George Putic has more.
Video

Video Death Toll From Israel-Gaza Conflict Surpasses 700

Gaza officials say a shelling hit a compound housing a United Nations-run school in the Gaza Strip, killing more than a dozen people, during an Israeli offensive in the area. Heavy fighting between the Israeli military and Hamas militants continued on Thursday, pushing up the death toll. So far, more than 730 Palestinians and 35 Israelis have been killed in the conflict. VOA's Scott Bobb has the latest from Jerusalem.
Video

Video AIDS Conference Welcomes Exciting Developments in HIV Treatment, Prevention

Significant strides have been made in recent years toward the treatment and prevention of HIV, the virus that causes AIDS. This year, at the International AIDS Conference, the AIDS community welcomed progress on a new pill that may prevent transmission of the deadly virus. VOA’s Anita Powell reports from Melbourne, Australia.
Video

Video Israel Targets Gaza Supply Tunnels

The Israeli military has launched a ground operation in Gaza to destroy the myriad tunnels that may have been used to smuggle weapons to Hamas. VOA's Zlatica Hoke reports that could mean more hardship for the people of Gaza, who obtain some of their essential supplies through these underground passages
Video

Video Researchers Target Low-Cost Avatar Technology

Scientists at the University of Southern California Institute for Creative Technologies say 3-dimensional representations could revolutionize social media. Elizabeth Lee has more from Los Angeles.
Video

Video IAEA: Iran Turns its Enriched Uranium Into Less Harmful Form

Iran has converted its stockpiles of enriched uranium into a less dangerous form that is more difficult to use for nuclear weapons, according to the United Nations’ Atomic Energy Agency. The move complies with an interim deal reached with Western powers on Iran's nuclear program last year, in exchange for easing of sanctions. Henry Ridgwell reports for VOA from London.
Video

Video In Cambodia, HIV Diagnosis Brings Deadly Shame

Although HIV/AIDS is now a treatable condition, a positive diagnosis is still a life altering experience. In Cambodia, people living with HIV are often disowned by friends, family and the community. This humiliation can be unbearable. We bring you one Cambodian woman’s struggle to overcome a life tragedy and her own HIV positive diagnosis.

AppleAndroid