IMF chief Lagarde's home raided by police

LONDON (CNNMoney)

Prior to joining the IMF, Lagarde was French finance minister for four years.

A French court said in August 2011 it was investigating her role in intervening in a long-running dispute between businessman Bernard Tapie and a French bank, Credit Lyonnais.

It was not immediately clear whether the raid was linked to that investigation. The IMF had no immediate comment.

Lagarde, 57, was appointed IMF managing director in June 2011, succeeding Dominique Strauss-Kahn who resigned after a New York hotel maid accused him of assaulting her in his suite. Prosecutors dropped the case against him a few months later.

The IMF press office said it had no comment at this time.

-- Chris Isidore contributed to this report.

First Published: March 20, 2013: 10:08 AM ET

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