Bankers above the law! Christine Lagarde not charged in embezzlement investigation | WHAT REALLY HAPPENED

Bankers above the law! Christine Lagarde not charged in embezzlement investigation

But she has not been completely cleared in the investigation over her authorisation of a controversial out-of-court settlement for the maverick French businessman Bernard Tapie when she was finance minister under Nicolas Sarkozy.

Instead, Lagarde has been placed under the status of "supervised witness". In French legal terms, this is less serious than being placed under formal investigation. It means that in any future hearings she will have to answer questions as a witness with her lawyer. She could technically still be charged later if judges change their minds.

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