IMF Chief Under Investigation: Not DSK, the New One

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WASHINGTON, DC - JUNE 23: French Finance Minister Christine Lagarde departs International Monetary Fund headquarters June 23, 2011 in Washington, DC. Lagarde, widely believed to be in line for the top job at the IMF, has been speaking with officials at the IMF for the past two days. (Photo by Win McNamee/Getty Images) Photo: Win McNamee/2011 Getty Images

Perhaps getting appointed to be head of the IMF is like the Sports Illustrated cover for global elites. Christine LaGarde, who recently took over the IMF's top job in the wake of the Dominique Strauss-Kahn scandal, is now facing her own possible legal troubles, albeit of a very different sort than those of her predecessor. French authorities are looking into allegations that LaGarde "abused her authority" as the country's finance minister while trying to settle a 2007 dispute between Sarkozy buddy Bernard Tapie and state-owned bank Crédit Lyonnais. Apparently the IMF was well aware such an investigation would surface when they offered LaGarde the managing-director gig and don't think it will interfere with her work. But that basically means they've given up on hiring anyone for that job who is not going to be accused of wrongdoing.

I.M.F. Chief to Face French Investigation [NYT]