Christine Lagarde

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New IMF Head Has Her Own
Christine Lagarde
It would seem that the problems at the highest level of the International Monetary Fund are not over now that Christine Lagarde, former Minister of Finance in France, was elected managing director of it.
In May the former managing director Dominique Strauss-Kahn got involved into a monumental scandal as an employee at the Sofitel Hotel in New York City accused him of sexually aggressing her.
DSK was exposed to the world media with cuffs on, and was brought before the judge who in the end decided to release him from home arrest, as the prosecution began doubting it would mount a case against him, since checking the background of the plaintiff revealed that she was working as a prostitute at the hotel, and that she had a very serious history of lying to the authorities in order to get a better life standard.
New IMF Head Has Her Own
IMF's HQ
DSK’s case is said to hold no water, and highly ranked American officials stated that there is no doubt that it would be dropped and that DSK would walk free.
This, of course, would fuel the immense amount of conspiracy schemes created around the subject, two of which captured the public’s attention: the one which says that DSK was framed, so that his path to the presidential election in France may be blocked, and the one made public by the Russian Foreign Intelligence Service, which said that DSK had gotten close to the most terrifying truth that the golden reserves of the United States were no longer in Fort Knox.
The former theory could gain momentum as DSK was accused in France in another case of alleged rape attempt by a journalist, Tristane Banon, who alleged that she had been aggressed by the then representative in the lower house of the French National Assembly.
New IMF Head Has Her Own
DSK Arrested
While fighting for his freedom, DSK lost the job at the IMF, and Christine Lagarde was appointed in his stead.
It was a serious effort on the part of the French president to gain the accord of other European leaders and to convince the leaders of other nations, from Latin America mostly, that Lagarde deserves to be the new head of the most notorious bank in the world.
Lagarde promised to be a very opened-to-suggestions managing director and to get involved in the solution of many problems around the world. The fact that she is a woman was seen by many as a step forward in the reformation of the fund.
But it would seem that Lagarde has her own problems with the French justice as a criminal court is to decide whether to launch a thorough investigation into the allegations that she committed an abuse in office.
New IMF Head Has Her Own
Lagarde and DSK
Thus, The Republic’s Court of Justice, which is a special court dealing with serving ministers, said that it had designated magistrates to look into the accusations.
She is accused by Socialist Party politicians of having tempered with a controversy related to the business relations between tycoon Bernard Tapie and the French state.
Lagarde is said to have used her ministerial power to refer the case that was pitting Tapie against the State to an arbitration panel. The other option would have been to let the case follow its course through the courts.
The Socialist that brought this to the attention of the press is wondering whether Christine Lagarde’s action was lawful, as she claimed in various occasions, given that there is a law in France by which no state agency can settle a dispute by means of arbitration.
Lagarde’s case is in its first stages and there is long way to run until a formal charge would be brought against her, if any.
Be that as it may, the question still stands: Don’t they run at least a basic background check on the candidates for such a high and important position in the world power structure?
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