Christine Lagarde's flat raided by French police

IMF chief's residence searched amid inquiry into her handling of €285m payout to Nicolas Sarkozy supporter Bernard Tapie

Police have searched the Paris home of the head of the International Monetary Fund as part of a fraud investigation centred on a supporter of former president Nicolas Sarkozy.

Christine Lagarde's flat was raided along with that of her office manager and the home of businessman Bernard Tapie, a former politician, actor, singer and television celebrity.

The IMF chief has been the subject of preliminary investigations for "complicity in the embezzlement of public funds", since 2011, when Tapie was awarded €284m of public money in compensation in a financial dispute while she was economy minister.

http://www.guardian.co.uk/world/2013...-raided-police