- has no plans to resign
- Lagarde will appeal against the decision
Source close to IMF head Lagarde being quoted on Reuters
The case relates to her involvement in a EUR 403m compensation award made to the disgraced tycoon, Bernard Tapie, while she was French finance minister in 2008. In May last year she was named as an “assisted witness” and has faced formal charges ever since
She said then
My explanations answered questions raised about the decisions that I had made at the time.My status as an assisted witness is not a surprise for me because I always acted in the interest of the state and according to the law
In French law magistrates place someone under formal investigation when they believe there is indication of wrongdoing, but that does not always lead to a trial
