Daily Archives: August 4, 2011

France’s Cour de Justice de la République, a special court that exists to investigate, prosecute and try cases of ministerial wrong-doing has decided to investigate Christine Lagarde, the newly-appointed managing director of the International Monetary Fund. She is accused of acting illegally when French finance minister in the case of Bernard Tapie, a businessman and friend of President Nicolas Sarkozy.

In 2007 Ms Lagarde set up an arbitration panel that later awarded €285m in damages (plus €100m in interest) from the state to Mr Tapie.