First charge already dangling over la tete de Lagarde: she seems to have authorised a £270 million payout to one of Nics supporters while she was his finance minister. Second charge: Itea, an insurance company which collapsed in 2009 and due government compensation for whatever reason. Enter Xavier Musca, a financial expert, who is said to have recommended to Lagarde that Maurice Nussenbaum, another expert, receive the Legion d’Honneur, France’s top civilian award. In return Nussenbaum would rule the dispute in the government’s favour. And wouldn´t you just know it; the good Mr Nussenbaum did rule in gov´s favour setting the compensation figure at a nice round 0. (The plaintiffs were looking for £315 mill) In the event it only seemed fair to award Mr Musca top job as Sarkozy’s chief of staff which he duly accepted and while police search the Sarkozy home, he buggers off to Canada and Miss Lagarde continues to show the finger to anyone asking for a peek at her tax returns Itea has indicated that the company will take legal action against Lagarde, although the complaint will have to be sanctioned by a dedicated legal body dealing with allegations against former ministers. You don´t say. Footnote: Back in 2007, Miss Lagarde bumps into match fixer, tax evader and party faithful Bernard Tapie on her travels down the murky corridors of greed and corruption and she promptly awards the bent Bernard £270 mill after he claims Credit Lyonaise has ripped the Adidas shirt off his back. Easy when you know who.
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