New IMF head Lagarde faces finance deal probe

August 04, 2011 18:19

Even as she was feted for being the first woman to head the IMF, trouble lies ahead for Christine Lagarde.

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

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