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2013-05-29

IMF Emersed in Another Scandel? Head of IMF under Investigation for payouts from the Fund

***fundraiser we are down to $225 needed by the first of June which leaves us only 3 days to meet our goal.  I know times are tough, but alas, our continuation depends on our ability to raise what we need by the first.  Unfortunately we are not the MSM that can run ads, since  our blog has been rejected due to content. LOL That was a compliment.  This is a team effort and if this has been of any value to you, we would be most grateful  if you could donate at the button off to the right of the blog so we can continue doing this work.

I wish to thank those that contributed so far. Please help us, to combat these enemies of the state who are trying to bring our nation, culture and people down through this foreign enemy that has occupied our government. We can do it. Timing is becoming an issue, as things are definitely speeding up, so we do not want to stop what we are doing at this critical point in time.  I just read that DHS has been given dictatorial powers in time of distress.  That alone requires we research this and find out the truth.  That will be our job tomorrow.

Thank you and Bless you for all your support of our mission.
 
Vatic Note:  This reminds me so much of Strauss when he would not go along and play the game the criminal banking mafia wanted played.  Remember Sarkozy worked for Mossad,  which was a shocker  We did a blog on that and its why he lost his re-election bid.  IMF is where both factions at the time join and its how we can tell when there is a fight at the top going on. 

In read this below, it "appears" to me that she is covered by having the good sense to put the issue before a panel of judges.  Unless they testify that she threatened them if they  did not do  what she said.  However, it doesn't indicate anywhere that happened.... it was the judges who made the decision, which clears her of wrong doing.  But then she is a woman and probably  has not bonded with the big boys who play hard ball

It will be interesting to see how this shakes out.

French minister says IMF boss Christine Lagarde 'must resign' if she is charged in connection with £270million fraud and embezzlement scam
http://www.dailymail.co.uk/news/article-2329449/French-minister-says-IMF-boss-Christine-Lagarde-resign-charged-connection-270million-fraud-embezzlement-scam.html#ixzz2UP161VdJ
by Peter Allen, Daily Mail, May 23, 2013

Lagarde, 57, appears in front of special tribunal of judges in Paris
Widely expected to be charged with fraud and embezzlement
Relates to £270m payout to Bernard Tapie when she was finance minister
Government minister Najat Vallaud-Belkacem says she will be asked to quit if placed under investigation by Court of Justice of the Republic
Denies any wrongdoing and lawyer said she expects case to be dismissed

Former French finance minister and head of the IMF Christine Lagarde appeared in court this morning to be formally charged with embezzlement and fraud
Former French finance minister and head of the IMF Christine Lagarde appeared in court this morning where she was expected to be formally charged with embezzlement and fraud

A French government  minister last night called on Christine Lagarde, the head of the International Monetary Fund, to resign if she is charged with fraud and embezzlement.

She was questioned by magistrates in Paris yesterday over a £340million payout of public money five years ago to convicted conman Bernard Tapie.

As she appeared in court, there were calls for her to stand down from  her high-profile £305,000-a-year job if she is charged.
Najat Vallaud-Belkacem, the Minister for Women’s Rights, said: ‘Knowing the IMF and the way this type of institution works, I tend to think that if she was placed under investigation, she would without doubt be asked to quit her post.’

Last night the court adjourned after 13 hours sitting but it was widely predicted Mrs Lagarde, 57, would be placed under investigation by the Court of Justice of the Republic, equivalent to a suspect being charged in the UK.

She faces allegations that she stepped in to settle a long- running legal battle in which Tapie claimed he was cheated out of millions by Credit Lyonnais bank over the 1993 sale of his sportswear company Adidas.

Mrs Lagarde ordered a panel of judges to arbitrate and they awarded Tapie 400million euros (£340million) in damages paid from taxpayers’ money. Prosecutors suspect Tapie received favourable treatment in return for supporting ex-president  Nicolas Sarkozy in the 2007 presidential elections.

Claims: The raid relates to claims Miss Lagarde authorised a £270million payout to Bernard Tapie
Claims: The raid relates to claims Miss Lagarde authorised a £270million payout to Bernard Tapie 

They have suggested that Mrs Lagarde – who was France’s Finance Minister at the time and the first woman ever to hold the post – was partly responsible for ‘numerous anomalies and irregularities’ which could amount to complicity in fraud and misappropriation of public funds.

There is no suggestion Mrs Lagarde profited personally in any way from the final settlement.  The affair has become a huge embarrassment to France and the IMF.

Dominique Strauss-Kahn was forced to quit the IMF two years ago after being accused of trying to rape a hotel chambermaid in New York, charges which were later dropped.

Dispute: Mr Tapie, the former head of Adidas in France, claims he was cheated out of millions by Credit Lyonnais bank. miss Lagarde ended the dispute by asking a panel of judges to arbitrate
Dispute: Mr Tapie, the former head of Adidas in France, claims he was cheated out of millions by Credit Lyonnais bank. Miss Lagarde ended the dispute by asking a panel of judges to arbitrate 

Mrs Lagarde took over from ‘DSK’ almost two years ago, in July 2011.   Her grilling by prosecutors comes after police raided her £1million Paris apartment in March.

Mrs Lagarde’s lawyer, Yves  Repiquet, said the inquiry was ‘in no way incompatible’ with her new job, adding that he expected the case to be dismissed.


She has denied any wrongdoing, saying: ‘If it’s decided to continue with this inquiry it won’t be particularly surprising. Personally, it doesn’t worry me at all – I didn’t benefit personally.’

But it has been widely reported in the French media that investigators intend to charge her with fraud  and embezzlement. 


Le Monde reported that magistrates had already written to Mrs Lagarde to tell her not to expect any special treatment because of her high-profile international job. 


Tapie was jailed for six months in 1997 for corruption and match- fixing while he was the owner of  Marseilles football club.

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