Belfast Telegraph

Courts to probe IMF chief Lagarde

A French court has decided to investigate new IMF chief Christine Lagarde's role in a $400m (£244m) arbitration deal in favour of a controversial tycoon.

Ms Lagarde was France's Finance Minister when magnate Bernard Tapie won a settlement in 2008 with a French state-owned bank over the mishandled sale of Adidas in the 1990s.