The IMF and the World Bank, used to high-level scandals

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The director of the International Monetary Fund (IMF), Kristalina Georgieva, has been shaken by an investigation by her former employer, the World Bank, which accuses her of having pressured staff to modify a report in order to favor China.

From sex scandals to surprising resignations, the upper echelons of both institutions have regularly faced destabilizing turmoil.

– DSK, Sofitel and an extramarital affair –

On May 14, 2011, Dominique Strauss-Kahn, then-managing director of the IMF and favorite in the French presidential elections, was charged with rape by a cleaner at the Sofitel in New York and arrested. He resigned from the IMF a few days later.

He had already been in trouble in 2008, when he was accused of having favored an IMF employee, Piroska Nagy, with whom he had had a brief extramarital affair.

He was finally exempted from this accusation by the Fund’s Board of Directors, which nevertheless reproached him for a “serious error of judgment.”

– Lagarde and the arbitration of Tapie –

As head of the IMF, Christine Lagarde was suspected by the French Court of Justice of having allowed a fraudulent arbitration to be organized in 2008, when she was Minister of Economy in France, in order to resolve the dispute between Bernard Tapie and Credit Lyonnais over the Adidas sale in 1993.

At the end of her trial, in late 2016, Lagarde was found guilty of “negligence.” However, she was exempted from punishment and resumed her activities at the head of the institution that she had run since July 2011.

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