Read as much as you want on BostonGlobe.com, anywhere and anytime, for just 99¢.

Patriots Live

10

13

4th Qtr 15:00 1st & 2, Opp's 2

IMF chief testifies about finance ministry role in arbitration case

Christine Lagarde

Christine Lagarde

PARIS — Christine Lagarde, managing director of the International Monetary Fund, submitted to more than 12 hours of interrogation Thursday about her role in the settlement of a multimillion-dollar business dispute when she was France’s finance minister in 2008.

Lagarde was ordered to return Friday for more grilling by a trio of investigating magistrates at the Court of Justice of the Republic, a judicial panel that handles malfeasance cases in France.

Continue reading below

The magistrates were querying Lagarde, 57, about her actions during a $520 million settlement granted by an arbitration board to the maverick French businessman Bernard Tapie. The payout ended a long and involved legal dispute between Tapie and the Credit Lyonnais as the bank was being liquidated.

At the end of the interrogation, Lagarde could be retained as a witness as the investigation proceeds or, if the magistrates deem they have credible evidence warranting such a step, they could cite her as a suspect in malfeasance. This would raise the question of whether Lagarde could remain as head of the IMF, the Washington-based financial institution that plays a major role in the world economy, including anticorruption efforts in financially ailing countries.

Loading comments...
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com