French police raid home of IMF boss Christine Lagarde

www.france24.com...

French authorities searched the Paris flat of IMF chief Christine Lagarde on Wednesday as part of an investigation into her handling of a 2008 compensation payment to a businessman supporter of ex-president Nicolas Sarkozy, her lawyer said.

www.france24.com...


This relates to allegations that when Lagarde was finance minister for Sarkozy she acted illeagally in approving a huge payout to Bernard Tapie.

Don't see how she can remain in her position while police are raiding her home and she is under investigation.

All criminals are equal, but some criminals are more equal than others.

Lagarde is, for some reason, a favorite with the elite.

It will take some real hard evidence that dosen't get covered up, to topple her.

reply to post by lacrimaererum


Good.

I hope they erase her from existence. I wish she would just be put in prison already, like the rest of them should be as well. Hopefully someone will just pant some evidence and get this over with.

She gets to be above the law and have all sorts of questionable people in power cover her ass regardless of her actions? Then someone should be as low down as her and just plant some evidence. If it doesnt stick....Merk her..

reply to post by Theflyingweldsman


with police raiding her home it has already been decided her time is up.
those very people you speak of are probably the same people that now want rid of her

Does anyone else,aside what she is being investigated for think this is a little bit strange?

Her predecessor, ended up with criminal charges brought against him, and now Lagarde.

24 hours after the Cyprus bailout vote went south....Mmmm weird!

reply to post by solargeddon


and the ECB has just legally been given control of the Eurozone banks.

en-maktoob.news.yahoo.com...

Originally posted by solargeddon
Does anyone else,aside what she is being investigated for think this is a little bit strange?

Her predecessor, ended up with criminal charges brought against him, and now Lagarde.

24 hours after the Cyprus bailout vote went south....Mmmm weird!

Not just that but also yesterday the French minister of budget resigned after allegations of a secret Swiss bank account :

The French minister in charge of clamping down on tax evasion resigned on Tuesday after allegations that he evaded taxes with a secret Swiss bank account.

www.guardian.co.uk...

Parasites, the lot of them... give them a little power and they will suck you dry!





Kindest respects

Rodinus

The charges laid on her predecessor proved spurious, but that was not found out till after the PTB got the vote they wanted on a key issue at the time ( something to do with the guy not wanting to squish all the little people as he thought it was bad for business to do that...

guess he didn't realise its not about business..its about squishing little people

Lagarde prolly made the same fatal assumtion

reply to post by lacrimaererum


Item

French Minister Steps Down in Swiss Bank Investigation
By SCOTT SAYARE
Published: March 19, 2013

PARIS — Just hours after an announcement that he would be investigated on charges of tax fraud and money laundering, Budget Minister Jérôme Cahuzac resigned from the French government on Tuesday evening, though he insisted he had done nothing wrong.

In control of a crucial portfolio at a time of heightened budgetary discipline and rising taxes in France, as well as the European debt crisis and stagnant growth, Mr. Cahuzac was a highly visible public figure.
www.nytimes.com...

Originally posted by Theflyingweldsman
All criminals are equal, but some criminals are more equal than others.

Lagarde is, for some reason, a favorite with the elite.

It will take some real hard evidence that dosen't get covered up, to topple her.

If she was a favourite I don't think she would've been arrested in the first place. If she has any backing whatsoever, you may seen this thrown out. If she's prosecuted, it seems she pissed off the wrong people...

Originally posted by boncho
If she was a favourite I don't think she would've been arrested in the first place. If she has any backing whatsoever, you may seen this thrown out. If she's prosecuted, it seems she pissed off the wrong people...

Hi Boncho.

Was she arrested?

Lagarde was in Frankfurt and not in her Paris flat at the time of the search, a spokesman for the IMF chief said.

Apparenly not, unless you have new information?

Please share, if you have.

Peace.

Originally posted by solargeddon
Does anyone else,aside what she is being investigated for think this is a little bit strange?

Her predecessor, ended up with criminal charges brought against him, and now Lagarde.

24 hours after the Cyprus bailout vote went south....Mmmm weird!

The payment to Bernard Tapie might be something to do with the time he owned Adidas, and the publicly owned Crédit Lyonnais bank, swindled Tapie in the deal that was struck when he sold Adidas, he sued them and was successful, although that was overturned perhaps temporarily but the original amount was far more than he actually received from the French government. It all seems a bit murky, when on the face of it, there needed to be some kind of settlement.
Edit to add, Lagarde's role was to tell a panel of judges to arbitrate on a settlement or whatever, it was the judges who agreed the payout and how much.

Originally posted by Theflyingweldsman

Originally posted by boncho
If she was a favourite I don't think she would've been arrested in the first place. If she has any backing whatsoever, you may seen this thrown out. If she's prosecuted, it seems she pissed off the wrong people...

Hi Boncho.

Was she arrested?

Lagarde was in Frankfurt and not in her Paris flat at the time of the search, a spokesman for the IMF chief said.

Apparenly not, unless you have new information?

Please share, if you have.

Peace.

My mistake. I misread the article.

This is interesting:

en.wikipedia.org...

And this:

www.guardian.co.uk...

To be honest, I don't know enough about this story to make an informed opinion. Very interesting though.

Everyone seems to be handling these elite bankers better than the US. We don't arrest them we give them positions in the White House

reply to post by lacrimaererum


"Don't see how she can remain in her position while police are raiding her home and she is under investigation."


so much for innocent until proven guilty heh?

Originally posted by ~widowmaker~
reply to post by lacrimaererum

 

"Don't see how she can remain in her position while police are raiding her home and she is under investigation."


so much for innocent until proven guilty heh?

she is the managing director of the international monetary fund

she needs to step aside until the investigation is completed. she cannot remain in such an important and powerful position while she is under criminal investigation.

if she is cleared of wrong doing she can resume her role.

Originally posted by lacrimaererum
www.france24.com...

Don't see how she can remain in her position while police are raiding her home and she is under investigation.

Perhaps some people haven't figured out how corrupt this world has become yet. What we read is not what really goes on. It's easy. She's a big name, and, compared to the average no-name that gets hauled away, I think nearly all law enforcement types become businessmen in front of big political, entertainment, and other names associated with tons of money.

More money more problems.

What she'll do is take a week or two off and come back to work, and maybe another country will be absent from the map, some police chief just becoming a millionaire. It could happen.

reply to post by smurfy

Indeed Christine Lagarde is less than appreciated in France due to her role in the "justice" ruling of Tapie vs Credit Lyonnais.
To make short, Bernard Tapie was the owner of Adidas.
At some point he wanted to sell the company and requested the help of Credit Lyonnais (state--owned bank).
Tapie later realised that the Credit Lyonnais "cheated" him: they helped (ridiculously low loans) a businessman (Dreyfus) buy Adidas for 2 billion French Francs.
Dreyfus paid 2 billion, and Credit Lyonnais got the remaining 2.
So Tapie has attacked CL in justice.
This has been lasting years and years.
Here comes Mrs Lagarde, finance minister in France. She finds a law that in case of very long justice cases, these cases can be "solved" by 3 appointed people. This is often used in lengthy business cases, but has never ever been used for a private person vs. the government. I forgot exactly who appoints them, at least 1 for the government.
And wow surprise, the "referees" decide that Tapie has indeed been cheated and declare that the French government must pay Tapie 390 million €:
. 45 millions for moral prejudice (highest fine ever in France for moral prejudice)
. 240 million for financial prejudice
. 92 millions for interest
. 13 million for justice expenses
No one in the government contested this ruling, they agreed with it (of course, it was tax payer money, not their money).
Interestingly, Lagarde is a close ally of Nicolas Sarkozy (he pushed for her appointment at the IMF).
Tapie has publicly supported Sarkozy during the 2007 presidential elections.
.
I remember reading some news, that on the same day as the ruling in favour of Tapie, a court of justice gave a ruling regarding an African girl which had been brought in France as a kid and used as a slave by a French couple for something like 12 years.
This girl received something like 20 or 30,000 € for moral prejudice.
.
As a side note this parallel is a good insight into French society and the distrust of the people for their politicians.

Fast fact - LeGarde started her career working for former US Defense Secretary William Cohen back when he was a Congressman from Maine.