French police raided the home and office of former President Nicolas Sarkozy’s chief-of-staff in relation to a 385 million-euro ($504 million) arbitration award to businessman Bernard Tapie, France Info radio said.
Club Mediterranee SA, Europe’s largest resort company, filed a criminal complaint today against Bernard Tapie, accusing the investor of misleading the market about his plans to buy a stake in the company.
International Monetary Fund Managing Director Christine Lagarde, whose Paris apartment was searched by police March 20 in a case involving businessman Bernard Tapie, retains the backing of the board of directors, an IMF spokesman said.
French police searched the Paris home of International Monetary Fund Managing Director Christine Lagarde as part of an inquiry into an arbitration that awarded $500 million to a supporter of former President Nicolas Sarkozy.
International Monetary Fund Managing Director Christine Lagarde said she will be heard in May by a court in relation to her decision on a case involving businessman Bernard Tapie when she was French finance minister.