Police search IMF chief Lagarde's flat in 'embezzlement probe'

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Police have searched International Monetary Fund (IMF) head Christine Lagarde's Paris apartment as part of an investigation into suspected embezzlement, Reuters reports.

The investigation is focusing on her handling of a 2008 compensation payment to a businessman supporter of ex-president Nicolas Sarkozy. According to the report, French police are probing claims Lagarde acted illegally when, in her role as French finance minister under Sarkozy, she approved a €285m arbitration payout to Bernard Tapie. Lagarde (pictured) denies any wrongdoing. "This search will help uncover the truth, which will contribute to exonerating my client from any criminal wrongdoing," Lagarde's lawyer, Yves Repiquet, told Reuters. Lagarde replaced Dominique Strauss-Kahn...

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