INQUIRER.net: Corruption probe moves closer to IMF chief Lagarde as aide charged

INQUIRER.net Philippine News for Filipinos

Corruption probe moves closer to IMF chief Lagarde as aide charged Jun 12th 2013, 23:21 PARIS—Stephane Richard, the head of telecoms company Orange and a former aide to IMF chief Christine Lagarde, was charged Wednesday in a corruption probe related to Lagarde's time as France's finance minister.   In a development likely to be seen as further weakening Lagarde's position at the helm of the global lender, Richard was placed under formal investigation for fraud as part of an organized gang.   The crime is considered a very serious one in France and it carries a maximum potential sentence of 10 years in prison and a million-euro fine.   The board of Orange will meet in the next few days to decide whether Richard will have to step down fr... Keep on reading: Corruption probe moves closer to IMF chief Lagarde as aide charged Media files: Christine-Lagarde.jpg (image/jpeg)

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