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IMF Lagarde Summoned to Court

The head of the International Monetary Fund Christine Lagarde has been summed to appear before a French court to provide testimony over a ruling which benefited a French businessman while she was the Finance Minister. Last month, her apartment was searched [1] for the same investigation on the 1997 case.

IMF chief Christine Lagarde has been summoned by a French court to answer questions over alleged abuse of office during her time as France’s finance minister, her lawyer has said.

Ms Lagarde is to be questioned before a magistrate in May over her role in the awarding of financial compensation to businessman Bernard Tapie in 2008.

Ms Lagarde, who took over as IMF chief in 2011, denies any wrongdoing.

via BBC [2]

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Alfonso Esparza

Alfonso Esparza [7]

Senior Currency Analyst at Market Pulse [8]
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza