IMF chief Christine Lagarde placed under investigation in France

By

Lagarde now faces possible 'negligence' charge for her role in a payout of 400-million euros of public money to a business tycoon.

Reading articles is for subscribers only. Subscribe now.

Christine Lagarde, the head of the International Monetary Fund, said on Wednesday that French prosecutors had placed her under formal investigation, in an escalation of a long-running inquiry into a murky business affair that dates to her time as finance minister under President Nicolas Sarkozy, reports The New York Times.