CHRISTINE Lagarde, the French politician who replaced Dominique Strauss-Kahn as head of the International Monetary Fund, was embroiled in a scandal of her own yesterday when police raided her flat in Paris as part of an investigation into claims of corruption.
The raids follow allegations that she acted illegally when she approved a €403 million ($502m) payment to a tycoon while serving as the finance minister.
In an inquiry that is tarnishing her attempt to restore the IMF's reputation after Mr Strauss-Kahn's resignation over allegations that he tried to rape a hotel maid, police searched her flat in the 16th arrondissement.
Although Ms Lagarde, 57, denied wrongdoing, there was speculation she might have to follow Mr Strauss-Kahn by stepping down from her $450,000-a-year job as managing director of the IMF.
The raids will also dent her hopes of standing for the Centre-Right against Francois Hollande in the 2017 presidential election. ...