French court probes Lagarde's role in corruption case

By Dow Jones newswires

The arbitration panel awarded €420 million to Mr Tapie. "The magistrates of the court of justice of the Republic have decided to place me under formal investigation," Ms Lagarde said in statement. "After three years of procedure, the sole surviving allegation is that through inadvertence or inattention I may have failed to intervene to block the arbitration that brought to an end the longstanding Tapie litigation," she added.

Read more here: Business Spectator

    

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