IMF board expresses confidence in Christine Lagarde amid graft scandal
Published on Aug 30, 2014 4:59 AM
WASHINGTON (AFP) - The board of the International Monetary Fund reiterated its support for managing director Christine Lagarde on Friday, after a French court placed her under formal investigation in a graft scandal.
"As we have said before, it would not be appropriate to comment on a case that has been and is currently before the French judiciary," it said in a statement.
"The Executive Board has been briefed on recent developments related to this matter, and continues to express its confidence in the managing director's ability to effectively carry out her duties."
A Paris court placed Lagarde under formal investigation earlier this week for alleged "negligence" in a 2008 graft case dating back to when she was a French finance minister.
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