Policy

IMF Chief's House Searched By Police

Part of investigation into illegal payouts to a supporter of former French President Nicolas Sarkozy

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French authorities are searching the home of IMF Chief Christine Lagarde over a probe into a million-dollar payout to a supporter of ex-President Sarkozy. Lagarde has been under investigation since 2011, but denies any wrongdoing.

Lagarde's lawyer told to Reuters that the search would exonerate her client of all criminal responsibility in connection with the Tapie affair.

"This search will help uncover the truth, which will contribute to exonerating my client from any criminal wrongdoing," Lagarde's lawyer, Yves Repiquet, told Reuters.