IMF chief Christine Lagarde, one of the world’s most powerful women, announced Wednesday she had been charged with “negligence” over a multi-million-euro graft case relating to her time as French finance minister. The announcement came a day after she was grilled for more than 15 hours by a special court in Paris that probes ministerial misconduct, the fourth time she has been questioned in a case that has long weighed upon her position as managing director of the International Monetary Fund. Lagarde takes home £298,675-a-year untaxed, receives further tax-free allowance package of £52,000 plus expenses’ that are never revealed to the public.
Spain`s ruling Popular Party said Monday it had expelled ex-IMF head Rodrigo Rato and all other party members under investigation for allegedly misusing credit cards for personal spending while working at a bailed-out finance group. Mr. Rato had his salary cut from €2.3 million to €600,000 annually in 2011 due to new laws for rescued banks, his expenses were not declared.
Dominique Strauss-Kahn, 62, the managing director of the International Monetary Fund (IMF), had been arrested for sexual assault and attempted rape in New York City, his wife Anne Sinclair wasted no time in declaring her unquestioned belief in his innocence. The heiress to an art-gallery fortune, Sinclair, also 62, is a celebrity in her own right, having been an award-winning radio and television journalist in France. She has stood by him in the recent past. In 2008, Strauss-Kahn was reprimanded by the IMF after his relationship with the Hungarian economist (and his subordinate at the institution) Piroska Nagy became a public scandal. Sinclair is Strauss-Kahn’s third wife. According to his contract, Strauss-Kahn’s salary in 2010 was $441,980.00. That’s more than President Barack Obama makes, and Strauss-Kahn pays no taxes on his income. In addition, Strauss-Kahn receives a yearly allowance of $79,120.00 in monthly instalments which, the contract says, comes “… without any certification or justification by you, to enable you to maintain, in the interests of the Fund, a scale of living appropriate to your position as Managing Director.”
Alex Segura was given almost $200,000 (£122,000) at the end of his three-year posting – money which the IMF says was paid back as quickly as it could be. Prime Minister Souleymane Ndene Ndiaye said it was a goodbye present – part of an African tradition. Opposition activists have condemned what they regard as a corrupt payment. The fund said in a statement Mr Segura was given the present after a dinner with President Abdoulaye Wade, but did not realise the gift was money until he was about to leave the country for Barcelona. “With Mr Segura worried about missing his flight, and concerned that there was no place to leave the money safely in Senegal, he decided to take the money aboard the plane,” Reuters quoted the IMF as lying… er… saying.
International Bankers seek financing from within the UK
IMF, The Guild of International Bankers, and the Offshore Investments Fund representatives have arrived secretly in the UK, to discuss their getting possible loans, in a bid to stave off further World financial crises.
It seems that the executives of those organisations have noticed that no matter how bad things get in the UK, our MPs never seem to suffer financially like the proletariat do, and individually amass more wealth than some small countries.
This, they find amazing, and how the impecunious riff-raff of the Nation do not rise up in revolt amazes them.
We understand they will be holding a 10 minute visit with David Cameron and Nicolas Clegg at number ten.
They will then be moving on to ‘personal contact’ who used to be in charge of Government Ministers Personal Offshore Investments , to see if they can arrange for him to loan them sufficient funds of £49Billion to tide them over. They liked the way he used his wife Ffion (Paid Barclay’s Bank Advisor) to save their favourite bank.
William Hague has requested that we do not name him as their previous ‘personal contact’.