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IMF chief Christine Lagarde has confirmed that she is being investigated for alleged “negligence” in a corruption probe when she was French Finance Minister in 2008, she told AFP.
“The investigating commission of the Court of Justice of the French Republic has decided to place me under formal investigation,” Lagarde told AFP.
The announcement comes after French magistrates investigated her alleged role in a multi-million-euro corruption case.
“I have instructed my lawyer to appeal this decision, which I consider totally without merit,” she said.
Lagarde said she denied any allegations and told AFP that she would not resign over the charges.
“I return back to Washington, where I will indeed brief my board,” she told AFP.