The IMF has
expressed confidence in its director, Christine Lagarde, who has appeared in a
French court over allegations she acted illegally while finance minister. It is
the second scandal for an IMF chief since 2011.
Lagarde
spent more than nine hours at the Court of Justice of the Republic (CJR), which
probes cases of ministerial misconduct, in Paris on Thursday. The court wants
an explanation of her role in the 2007 payment of public funds to businessman
Bernard Tapie.
Tapie, a
former politician and businessman went to prison for match-fixing during his
time as president of French football club Olympique de Marseille. Prosecutors
for the CJR suspect Tapie received favorable treatment in return for supporting
Nicolas Sarkozy in the 2007 presidential election.
The CJR is
looking into Lagarde's role in an arbitration process that in 2007 settled a
long-running legal dispute between Tapie, and the state entity that had taken
over the residual assets of the collapsed bank, Credit Lyonnais.
Tapie
claimed that he was defrauded by Credit Lyonnais over the sale of Adidas, the
sports equipment company, which he owned in the 1990s.
Prosecutors
have suggested Lagarde was responsible for "numerous anomalies and
irregularities" which could lead to charges for complicity in fraud and
misappropriation of public funds. Tapie was paid 400 million euros ($515
million).
Lagarde has
said the arbitration was necessary to put an end to a costly dispute, and has
always denied having acted under orders from Sarkozy.
However,
the case is potentially embarrassing for both the IMF and for France,
especially if Lagarde is placed under formal investigation after the hearing.
While that step does not imply guilt, it often precedes the laying of charges.
Statements
of support
Although it
was Socialist legislators who started the court action, the government has
spoken up for her: "Madame Lagarde retains the complete confidence of the
French authorities – and my own," Pierre Moscovici, the French finance
minister, said earlier in the week.
IMF
spokesman Gerry Rice said its executive board, at Lagarde's request, had
already waived her diplomatic immunity to the extent necessary to enable her to
appear before French authorities in the case: "The executive board has
been briefed on this matter, including recently, and continues to express its
confidence in the managing director's ability to effectively carry out her
duties," he said.
Second IMF
scandal since 2011
Criminal
charges against Lagarde, 57, would mark the second scandal for an IMF chief
since 2011. Her predecessor Dominique Strauss-Kahn, also from France, resigned
over an alleged sexual assault on a New York hotel maid.
Lagarde
should be informed after the questioning, which could last up to two days, if
she is to be placed under formal investigation or given the less serious status
of assisting witness on the allegations of complicity in falsification of the
arbitration procedure and misappropriation of state funds.
jm/kms (AFP, Reuters)
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“… GW: Shifting to events that are taking place in Europe at this point in time, it seems that the events in Europe are reaching or about to hit a breaking point of some kind. Several leaders, including Nigel Farage and allegedly Russian Prime Minister Medvedev have suggested that people should be removing their money from their accounts as the cabal may attempt a last ditch grab for money.
Now, I know, and perhaps many know, that the current system is corrupt and that there will have to be a degree of change in the current system before people will be willing to embrace the new system.
I don’t wish this question to sound alarmist to people, but is what is happening now one of the final, if not the final, straw that will help expose the banking cabal and allow the new system to be implemented? Is this new system ready? Or is it already being implemented? Or is it still only limited to preparatory work?
AAM: No, it is already underway. It is already being implemented. And yes, we do not wish to sound alarmist either, and so we also wish people to know that their resources, what they think of as their money, for those who have saved and put their faith in banking systems, they will be protected to a certain extent. So do not think that you have need to run out and remove all your monies, or that it will be completely gone. But yes, this is the beginning of a transition.
The expression of the lack of faith in particularly the European banking system causes enormous disruption, more significant perhaps than anywhere else. And so yes, it does have a domino effect, but it is not one simply shutting down [the old system] and a new system emerging. It is coming into balance with the new emerging as the old simply fades away.
Is it a last ditch effort on the part of those who have clung to the old paradigm of the 3rd, what you call the cabal? Yes, it is. But it matters not, because it is not going to work for them. Seldom are things such as this situation so black and white. There is always room for free choice and free movement and adjustment.
But in this situation it is simply evolution and expansion. And the expansion of the new, of the new paradigm, of what you think of as Fifth-Dimensional financial systems does not allow for systems that are based on greed and theft and control — and unfairness, basic unfairness, usury.
So, it is rather clearly defined. You have an expression that you use on Earth, “Out with the old.” And this is one of those situations where it is, in fact, the truth.
GW: Okay. So, along the lines of the leadership, or at least some of the leadership of what’s taking place in the financial sector globally, it has been reported that the apartment of the IMF managing director Christine Lagarde was raided last week.
Was this an attempt to expose her as part of the banking cabal, or was it an attempt to stop her from fulfilling the reforms that she is allegedly trying to bring to the international banking system?
AAM: It was an attempt to gather information and perhaps even destroy documentation that she is trying to bring forth for the reform of the financial situation. It was an unsuccessful raid.
GW: Okay. So what I’m hearing in your answer, then, is that Christine Lagarde is working for, I guess, the forces of light to bring the greater change to the IMF. Am I correct?
AAM: Yes. This one has had a real turn-around. No, we do not ever categorize individuals or groups or people as light or dark. But this one has truly committed herself to reformation.
She sees and she has the experience very clearly of knowing what does not work. And therefore she has committed her mission, her purpose to this reformation.
GW: Okay. And could the same be said about the new US Secretary of the Treasury Jack Lew? Is he on board with all the changes and working for the reformation as well with Lagarde?
AAM: He is an agent and an angel of change. He could not be simply on board. He is a moving force. ‘…‘’
Now, I know, and perhaps many know, that the current system is corrupt and that there will have to be a degree of change in the current system before people will be willing to embrace the new system.
I don’t wish this question to sound alarmist to people, but is what is happening now one of the final, if not the final, straw that will help expose the banking cabal and allow the new system to be implemented? Is this new system ready? Or is it already being implemented? Or is it still only limited to preparatory work?
AAM: No, it is already underway. It is already being implemented. And yes, we do not wish to sound alarmist either, and so we also wish people to know that their resources, what they think of as their money, for those who have saved and put their faith in banking systems, they will be protected to a certain extent. So do not think that you have need to run out and remove all your monies, or that it will be completely gone. But yes, this is the beginning of a transition.
The expression of the lack of faith in particularly the European banking system causes enormous disruption, more significant perhaps than anywhere else. And so yes, it does have a domino effect, but it is not one simply shutting down [the old system] and a new system emerging. It is coming into balance with the new emerging as the old simply fades away.
Is it a last ditch effort on the part of those who have clung to the old paradigm of the 3rd, what you call the cabal? Yes, it is. But it matters not, because it is not going to work for them. Seldom are things such as this situation so black and white. There is always room for free choice and free movement and adjustment.
But in this situation it is simply evolution and expansion. And the expansion of the new, of the new paradigm, of what you think of as Fifth-Dimensional financial systems does not allow for systems that are based on greed and theft and control — and unfairness, basic unfairness, usury.
So, it is rather clearly defined. You have an expression that you use on Earth, “Out with the old.” And this is one of those situations where it is, in fact, the truth.
GW: Okay. So, along the lines of the leadership, or at least some of the leadership of what’s taking place in the financial sector globally, it has been reported that the apartment of the IMF managing director Christine Lagarde was raided last week.
Was this an attempt to expose her as part of the banking cabal, or was it an attempt to stop her from fulfilling the reforms that she is allegedly trying to bring to the international banking system?
AAM: It was an attempt to gather information and perhaps even destroy documentation that she is trying to bring forth for the reform of the financial situation. It was an unsuccessful raid.
GW: Okay. So what I’m hearing in your answer, then, is that Christine Lagarde is working for, I guess, the forces of light to bring the greater change to the IMF. Am I correct?
AAM: Yes. This one has had a real turn-around. No, we do not ever categorize individuals or groups or people as light or dark. But this one has truly committed herself to reformation.
She sees and she has the experience very clearly of knowing what does not work. And therefore she has committed her mission, her purpose to this reformation.
GW: Okay. And could the same be said about the new US Secretary of the Treasury Jack Lew? Is he on board with all the changes and working for the reformation as well with Lagarde?
AAM: He is an agent and an angel of change. He could not be simply on board. He is a moving force. ‘…‘’
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