PARIS: French magistrates decided on Friday not to place IMF chief Christine Lagarde under formal investigation over her role in a 285-million-euro (243.6 million pounds) arbitration payment made to a supporter of former president Nicolas Sarkozy.
Lagarde was instead given the status of a "supervised witness" after two full days of questioning on her 2008 decision as Sarkozy's finance minister to use arbitration to settle a legal battle between the state and businessman Bernard Tapie.
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