IMF chief Lagarde under investigation in France

PARIS — Christine Lagarde, the chief of the International Monetary Fund, was placed under official investigation for negligence in a French corruption probe that dates back to her days as France's finance minister.

After a fourth round of questioning before magistrates Wednesday, Lagarde said she would return to her work in Washington later in the day and said in a statement the decision was "without basis." She is the third IMF managing director in a decade to face legal troubles.

She and her former chief of staff face questions about their role in a $531 million payment to a businessman with a checkered past.

Read Thursday's Arkansas Democrat-Gazette for full details.

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