IMF Chief Named Key Witness in French Payoff Case

A French court has decided not to formally investigate IMF chief Christine Lagarde regarding her role in a controversial payoff while she was finance minister, but did name her as a key witness in the continuing probe.

The court’s action Friday came after prosecutors questioned Lagarde for two days about her 2007 decision that led to the payment of about $500 million to settle a legal battle between the state and a close friend of former French President Nicolas Sarkozy.

Her status as …

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