BREAKING NEWS: BOSI MPYA WA SHIRIKA LA FEDHA LA IFM AKUMBWA NA KASHFA YA UFISADI WA PESA

 

Ms Lagarde has said arbitration was necessary to settle Mr Tapie's long-running case

 

A French court is to investigate the new head of the IMF for abuse of authority as French finance minister.

Christine Lagarde is accused of wrongly pressing a bank to enter binding arbitration over a dispute with a businessman who supported President Nicolas Sarkozy's election campaign.
Ms Lagarde denies misconduct. There is no suggestion she profited personally.
A BBC correspondent says the move is embarrassing for Ms Lagarde, who has been in the job for one month.
But it is no indication of her guilt or otherwise, he adds.
Ms Lagarde took over as managing director from Dominique Strauss-Kahn in July, following his arrest in May on charges of the attempted rape of a New York hotel maid.

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