IMF chief Lagarde's flat searched relating to action when she was French Finance Minister

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3/20/13, "IMF head Lagarde's flat searched in Tapie probe," BBC

"French police have searched the Paris apartment of IMF chief Christine Lagarde, as part of an investigation into alleged abuse of her authority while she was finance minister.

Prosecutors are trying to determine whether she was wrong to approve an arbitration panel's 2008 payout to businessman Bernard Tapie.

The panel ordered the partly state-owned bank Credit Lyonnais to pay Mr Tapie damages of 240m euros (£210m). Ms Lagarde has denied any wrongdoing.

She intervened in a long-running court dispute between Mr Tapie and the bank in 2007, ordering the panel of judges to arbitrate in the case."

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