French authorities have carried out a search of the Paris apartment of International Monetary Fund chief Christine Lagarde over the the Tapie probe, according to Reuters.
Police are investigating claims that Lagarde, when French Finance Minister under Nicolas Sarkozy, acted illegally in approving the €285 million arbitration payout to businessman Bernard Tapie.
Lagarde denies any wrongdoing.
International Monetary Fund (IMF) chief Christine Lagarde said the rescue deal agreed for Cyprus is "sustainable" and financially sound.
Although the plan allows the IMF to make a contribution to the loan, Ms Lagarde said it was too early to say how much the lender would provide towards the package.
"We believe the proposal is sustainable for the Cyprus economy ... The IMF is considering proposing a contribution to the financing of this package", she told a news conference.
"The exact amount is not yet specified. It will take some time," Ms Lagarde added.
The International Monetary Fund is interested in a role in the design and monitoring of a plan by the European Central Bank to buy bonds issued by governments in the euro zone, Managing Director Christine Lagarde said on Sunday.
In a statement issued after attending the annual Asia-Pacific Economic Cooperation (APEC) summit in Vladivostok, Russia, Lagarde said that recently announced European policy steps "pave the way forward".
She added: "The priority is now coordinated implementation."
In an interview with the Guardian the Managing Director of the International Monetary Fund says talk of a rift between France and Germany over the euro is 'largely overstated'.
The Managing Director of the IMF, Christine Lagarde, will speak at the Treasury today about the economic challenges that are currently gripping the world, especially the eurozone crisis.
Greeks are withdrawing money from their bank accounts at an alarming rate amid political uncertainty and a potential return to the drachma.
Read the full storyChristine Lagarde, Managing Director of the International Monetary Fund, said the best scenario for Greece is for it to stay in the eurozone but that requires it to abide by the terms of its bailout programme.
She added that it would be extremely expensive and hard for Greece and other countries if it were to leave the eurozone.
Christine Lagarde, Managing Director of the International Monetary Fund (IMF), gives her reaction on Twitter after the IMF raised more than $430 billion for its bailout fund.
An extraordinary day -- our members pledged to increase IMF resources by over $430B to help fight the crisis.... http://t.co/C9HxICfm
From @Lagarde on Twitter:Christine Lagarde, the IMF's managing director, said the total lending capacity of the IMF is now "north" of $1 trillion.
Happy International Women’s day. My advice to young women: educate yourselves, work hard, be brave, and help each other.
From @Lagarde on Twitter: