French prosecutors to grill IMF chief over 2007 payout

Prosecutors will grill IMF chief Christine Lagarde on Thursday as they investigate whether she should be charged in connection with a state payout to a disgraced tycoon during her time as French finance minister.

Lagarde has downplayed the investigation, but the stakes of the probe are huge for both her and the International Monetary Fund.

Criminal charges against Lagarde, 57, would mark the second scandal in a row for an IMF chief, after her predecessor Dominique Strauss-Kahn, also from France, resigned in disgrace over an alleged assault on a New York hotel maid.

via Business feed http://www.scmp.com/business/banking-finance/article/1244072/french-prosecutors-grill-imf-chief-over-2007-payout