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IMF chief Lagarde's home searched by French police

The home of Christine Lagarde, the chief executive of the International Monetary Fund, has been searched by French police today.

20th March, 2013
Christine Lagarde

The home of Christine Lagarde, the chief executive of the International Monetary Fund, has been searched by French police today.

Police are investigating whether Lagarde, when she was minister for finance, erred in agreeing to an arbitration to end a dispute with businessman Bernard Tapie.

Tapie won a €385 million award in damages over his company's sale of Adidas. He claimed Credit Lyonnais mishandled the sale.

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