Home Adidas sales The IMF and the World Bank, accustomed to high-level scandals

The IMF and the World Bank, accustomed to high-level scandals

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The director of the International Monetary Fund (IMF), Kristalina Georgieva, was shaken by an investigation by her former employer, the World Bank, which accuses her of pressuring staff to change a report to favor China.

From sex scandals to surprising resignations, the upper echelons of the two institutions have regularly been confronted with destabilizing disturbances.

– DSK, Sofitel and an extramarital affair –

On May 14, 2011, Dominique Strauss-Kahn, then Managing Director of the IMF and favorite in the French presidential elections, was accused of rape by a cleaning lady at the Sofitel in New York and arrested. He resigned from the IMF a few days later.

He had already been in trouble in 2008, when he was accused of having favored an IMF employee, Piroska Nagy, with whom he had a brief extramarital affair.

He was finally exempted from this accusation by the Board of Directors of the Fund, which nevertheless accused him of a “serious error in judgment”.

– Lagarde and the Tapie arbitration –

At the head of the IMF, Christine Lagarde was suspected by the Court of Justice of having allowed the organization of a fraudulent arbitration in 2008, when she was Minister of the Economy in France, in order to settle the dispute between Bernard Tapie and Crédit Lyonnais on the Adidas sale in 1993.

At the end of his trial at the end of 2016, Lagarde was found guilty of “negligence”. However, she was exempted from the sentence and resumed her activities at the head of the establishment she had run since July 2011.

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