Keyword: arbitration

French prosecutor calls for IMF's Lagarde to be acquitted

Prosecutor Jean-Claude Marin said case against ex-French economy minister over her handling of €403m Tapie arbitration award was 'weak'.

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'I was not negligent' claims IMF's Lagarde as trial opens


The managing director of the International Monetary Fund, Christine Lagarde, has appeared before a special court in Paris charged with negligence over her handling of a controversial arbitration process that paid out millions of euros of French taxpayers' money. Addressing a court reserved for government ministers, the former French economy minister denied wrongdoing but suggested she herself may have been “exploited” by others in relation to the 403 million euro award made to French tycoon Bernard Tapie in 2008. Mediapart's legal affairs correspondent Michel Deléan reports.

IMF chief Christine Lagarde to stand trial over payout to tycoon

Lagarde is accused of negligence for allowing an extremely rare out-of-court arbitration process that gifted Bernard Tapie with more than 400 million euros.

Paris court overturns 403-million-euro payout to tycoon Bernard Tapie

Six people, including Tapie, his lawyer and judge Pierre Estoup, are under investigation for organised fraud in the contested 2008 deal.

IMF chief Christine Lagarde placed under investigation in France

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

French ex football tycoon Tapie probed for tax evasion

Businessman Bernard Tapie dismisses investigation, which relates to up to 15 million euros in allegedly unpaid taxes, as 'intimidation measure'.

French tycoon Bernard Tapie placed under investigation

The controversial business figure faces corruption probe over a huge payout he received to settle a long-running legal battle with French state.

Tapie-Lagarde affair enters new phase as arbitration judge is investigated for conspiracy to defraud

Bernard Tapie Bernard Tapie

One of the arbitration judges who oversaw the controversial 403 million-euro award to businessman Bernard Tapie has been placed under formal investigation for alleged “conspiracy to commit fraud”. As Mediapart's legal affairs expert Michel Deléan explains, this dramatic development shows that the long-running affair is rapidly gathering momentum.

Tapie-Lagarde affair: arbitration judge held for questioning

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Just days after IMF boss Christine Lagarde faced questioning over her role in the affair, the saga of the 403 million euro award made to colourful businessman Bernard Tapie has taken a new twist with the news that one of the arbitration judges who agreed the payout has been held for questioning. Tapie's lawyer is also being questioned in custody, as investigators probe allegations of a conflict of interest during the arbitration. Michel Deléan and Laurent Mauduit report on the latest developments.

French judges place Lagarde under 'witness' status in Tapie payout case

IMF chief Lagarde escapes being formally placed under investigation over her role in a controversial 400M-euro payout to tycoon Bernard Tapie.

IMF chief Christine Lagarde to be questioned by French magistrate Thursday

Lagarde will be questioned over her role in a controversial 285-million-euro arbitration payment to Bernard Tapie, a supporter of Nicolas Sarkozy.

French judges to question IMF chief Lagarde in May over suspected 'misappropriation of public funds'

 © Reuters © Reuters

International Monetary Fund chief Christine Lagarde (pictured) is to be questioned next month by French judges investigating a case of 'misappropriation of public funds' and 'aiding and abetting falsification' concerning an award from public funds of 403 million euros paid to controversial French tycoon Bernard Tapie when Lagarde was French finance minister, Mediapart can reveal. According to well-informed sources contacted by Mediapart she wil be interrogated on May 23rd, when Lagarde faces being formally placed under investigation - a status one step short of being charged – by the magistrates from the Court of Justice of the Republic, a special French court which is designated to investigate suspected malpractice by government members in the course of their duties. Laurent Mauduit reports.

IMF boss Christine Lagarde to appear before French judges

Christine Lagarde © Reuters Christine Lagarde © Reuters

The head of the International Monetary Fund Christine Lagarde is to appear soon before senior French judges over an investigation into allegations that as French finance minister she was involved in 'aiding and abetting falsification', Mediapart can reveal. The IMF boss is also facing claims that she was involved in the 'misappropriation of public funds'. The affair concerns the controversial decision to use an arbitration process that in 2008 awarded French businessman Bernard Tapie a 403 million-euro payout from the public purse. Lagarde's lawyer is due to learn later this week whether she will be heard as an 'assisted witness'- or be formally placed under investigation. Laurent Mauduit reports.