French police have detained a judge and a lawyer for questioning in connection with a corruption case linked to IMF chief Christine Lagarde, judicial sources said Tuesday. The judge, magistrate Pierre Estoup, was detained on Monday by investigators probing a massive state payout to a disgraced tycoon in 2008, when Lagarde was finance minister. The International Monetary Fund chief was questioned for two days last week about the 400 million euro ($515 million) payout to controversial business figure Bernard Tapie, but she avoided charges and was instead named an \"assisted witness\". Estoup was one of the three judges who presided over the arbitration panel that granted the payment to Tapie, which followed a dispute between the businessman and partly state-owned bank Credit Lyonnais over his 1993 sale of sports group Adidas. The panel upheld his claim that Credit Lyonnais had defrauded him by intentionally undervaluing Adidas at the time of the sale and that the state, as the bank\'s principal shareholder, should compensate him. Investigators are probing whether Tapie received favourable treatment in return for supporting ex-president Nicolas Sarkozy, Lagarde\'s then boss, in the 2007 presidential election. The sources said Estoup\'s detention was based on his failure to reveal a former professional relationship with one of Tapie\'s lawyers in the case, Maurice Lantourne. Lantourne was himself detained for questioning on Tuesday, the sources said. Lagarde has denied any wrongdoing in the case and the IMF board has expressed confidence in her leadership. While Lagarde avoided being charged following her questioning, her \"assisted witness\" status means she could still face further questions -- and possibly charges -- at a later stage.
GMT 09:43 2018 Tuesday ,23 January
Global unemployment down but working poverty rampantGMT 15:13 2018 Sunday ,21 January
All you need to know about Davos 2018GMT 22:33 2018 Saturday ,20 January
Calls for action over dirty money flowingGMT 04:42 2018 Saturday ,20 January
Storm caused 90 mn euros in damage: Dutch insurersGMT 07:06 2018 Friday ,19 January
China economy rebounds in 2017 with 6.9% growthGMT 11:35 2018 Thursday ,18 January
'Massive' infrastructure spending needed in AfricaGMT 14:29 2018 Wednesday ,17 January
GE takes one-off hit of $6.2 bn linked to insurance activitiesGMT 18:55 2018 Tuesday ,16 January
London stock market edges to new high

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor