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IMF Chief Faces French Corruption Probe

International Monetary Fund Managing Director Christine Lagarde, who Forbes Magazine calls “the fifth most powerful woman in the world,” is now under the cloud of a corruption probe. The investigation by France’s Court of Justice of the Republic concerns actions taken in 2008 when she served as the nation’s finance minister. The state paid business tycoon Bernard Tapie nearly $526 million to settle a dispute he had with a once state-owned bank, Credit Lyonnais. The bank is...

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