IMF head faces probe

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  French Court Orders Probe Into IMF Head Christine Lagarde

  04 Aug 2011 by Jasmine Stone / No Comments

  The International Monetary Fund has another scandal to deal with, although this time it’s a financial one. A French court has today ordered an investigation into the new IMF head, Christine Lagarde, and her role in a much-criticised $400 million arbitration deal in favour of a controversial tycoon. It concerns the mishandled sale of sportswear maker, Adidas, in the 1990’s.

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