Paris Police raided and searched the home of International Monetary Fund (IMF) head Christine Lagarde, in connection with a probe into her handling of a high-profile scandal when she was France’s Finance Minister.
Lagarde has consistently denied any wrongdoing in the case.
In 2007, she ordered a panel of judges to arbitrate a dispute between a tycoon and Credit Lyonnais. The Tycoon, Bernard Tapie, claimed the bank undervalued the sports clothing label Adidas when he sold it in 1993. Tapie wound up with $500 Million out of the deal.
The IMF is refusing to comment on the raid.