http://hat4uk.wordpress.com/2013/05/24/eu-big-four-felons-revealed/
Draghi, M. aka Supermario.Italian gangster and former Goldman Sachs 5-Star witch running the ECB prong of the Troika. Wanted for questioning in relation to disappearance of:
Lagarde, C. aka Frufru Sanscerveau. US Fed’s Moll and former French finance minister running the IMF Money-laundering ponzi or ‘US Foreign Policy Facilitator’ prong. Wanted for questioning in relation to:
Rompuy, H. van aka The Skull.Joint President of the EC Troikanaut (Belgian Regiment) prong and Japanese doggerelista. Wanted for questioning in relation to:
Barroso, JM. aka Comrade Idiota. Illegal Portuguese migrant and Joint President of EC Troikanaut (Useful Idiot Division) prong. Wanted for questioning in relation to:
Pressure mounted on Christine Lagarde, head of the International Monetary Fund, today, when a French government minister said that she would have to resign if she was charged with corruption.
Christine Lagarde not charged in embezzlement investigation
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Christine Lagarde: 'I always acted in the interest of the state and according to the law.' Photograph: Jacques Demarthon/AFP/Getty Images
Christine Lagarde, the head of the International Monetary Fund, has not been charged after two days of questioning by French judges over alleged complicity in the embezzlement of state funds.
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 underNicolas 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.
Emerging from two 12-hour days of questioning in Paris, Lagarde said it was "no surprise" to her that she had not been charged "because I always acted in the interest of the state and according to the law". She said she would be returning to Washington to resume her IMF duties.
The case dates back to 2008, when Lagarde, as Sarkozy's finance minister, ordered private arbitration in a long-running business dispute between Tapie and the French state. Tapie is a former Socialist minister and flamboyant business tycoon turned chatshow host who, as head of Olympique de Marseille football team, had served a prison sentence for match fixing. In 2007, he switched political camps and supported Sarkozy. For about 20 years, he had been pursuing legal action through the courts for compensation from the state, accusing the former state bank Crédit Lyonnais of ripping him off in a business deal to sell the sports brand Adidas, which he owned.
Once Sarkozy was in office, Lagarde moved to stop the court action and instead authorised three judges to decide an out-of-court settlement that meant Tapie was awarded a massive €400m in compensation at the expense of the French taxpayer – over €280m of which he pocketed, after tax and costs. The deal sparked outrage, with opposition politicians claiming that Lagarde had deliberately authorised an advantageous settlement procedure to reward Tapie for his support for Sarkozy during the 2007 election campaign.
Lagarde denies any wrongdoing and has said the arbitration was the "best solution", necessary to put an end to a costly legal dispute. She has always denied having acted under orders from Sarkozy.
Lagarde was appointed head of the IMF in 2011 after the former director, Dominique Strauss-Kahn, quit in disgrace.
If Lagarde had been placed under formal investigation in the Tapie case, it would have risked weakening her position and further embarrassing both the IMF and France by heaping more judicial worries on a key figure on the international stage.
EU BIG FOUR FELONS REVEALED:
Net closing on Troikanauts as Lagarde faces French Court
Draghi, M. aka Supermario.Italian gangster and former Goldman Sachs 5-Star witch running the ECB prong of the Troika. Wanted for questioning in relation to disappearance of:
* Eurozone capital-flight data
* Bondholders’ rights in relation to Greek bailout
* Depositors’ rights in relation to Cyprus bailin
* Industrial-scale countefeiting of euro currency
Lagarde, C. aka Frufru Sanscerveau. US Fed’s Moll and former French finance minister running the IMF Money-laundering ponzi or ‘US Foreign Policy Facilitator’ prong. Wanted for questioning in relation to:
* Her knowledge of Third Grade Mathematics
* The convenient removal of Dominique Strauss-Kahn
* $350m payment to Bernard Tapie (Court appearance 23.5.13)
Rompuy, H. van aka The Skull.Joint President of the EC Troikanaut (Belgian Regiment) prong and Japanese doggerelista. Wanted for questioning in relation to:
* Species
* Collapse of the Belgian State
* Telling big fat fibs about Recep Erdogan’s credentials and attempting to export EU territory to the rest of the World.
Barroso, JM. aka Comrade Idiota. Illegal Portuguese migrant and Joint President of EC Troikanaut (Useful Idiot Division) prong. Wanted for questioning in relation to:
* Austerity speculation. (As in, does he know what it means?)
* Proposal of jailbird Jacques Barrot as EU Commissioner
* Nineteen years of unaudited EU accounts
My God, but they’re an unprepossessing lot, aren’t they? Coming soon: the Conservative Front Bench, the Hollande Cabinet, the Greek élite, the CDU Gargoyles, the Russian Mafia etc etc etc.
http://www.infowars.com/french-minister-says-imf-boss-christine-lagarde-must-resign-if-connected-with-fraud-and-embezzlement-scam/
French minister says IMF boss Christine Lagarde ‘must resign’ if charged with fraud, embezzlement scam
Christine Lagarde, photo by International Students’ Committee, via Wikimedia Commons
Najat Vallaud-Belkacem, who holds the women’s rights portfolio, spoke out as Mrs Lagarde was questioned by magistrates over claims that she had squandered €403 million of taxpayers’ money in an illegal deal.
French news outlets say it is likely that the managing director of the IMF will be placed under investigation by the Court of Justice of the Republic (CJR) – the equivalent of charging a suspect in the UK – for allegedly aiding and abetting embezzlement and fraud.
French Police Raid Home of IMF Boss Christine Lagarde
AFP
March 20, 2013
March 20, 2013
French authorities searched the Paris apartment of IMF director Christine Lagarde on Wednesday as part of their investigation into her handling of a settlement paid out to Bernard Tapie in 2008 while she was French finance minister, her lawyer said.
French police searched the Paris apartment of IMF chief Christine Lagarde on Wednesday as part of an investigation into her awarding of a 2008 arbitration payment to a businessman supporter of ex-president Nicolas Sarkozy, her lawyer said.
Lagarde, who at the time was Sarkozy’s finance minister, has repeatedly denied wrongdoing in ending a judicial battle against billionaire Bernard Tapie and instead opting for arbitration.
What about Draghi's role in the Italian Bank derivative scandal ? Nothing in the news since the Italian Election ?
Draghi under fire over Monte Paschi derivatives scandal
ROME |
(Reuters) - European Central Bank President Mario Draghi is facing criticism over a scandal involving loss-making derivatives trades made by troubled Italian lender Monte dei Paschi di Siena while he was Italy's central bank governor.
Draghi, who will attend the World Economic Conference in Davos on Friday, may have to field pointed questions about the structured trades which could cost Monte Paschi at least $1 billion.
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Former Economy Minister Giulio Tremonti said in a tweet that it was "stupefying" that in his role as supervisor of Italy's banking system Draghi had failed to discover or prevent the trades, which took place between 2006 and 2009.
An ECB spokeswoman declined to comment on the matter, saying that it was "the responsibility of national authorities."
Current Economy Minister Vittorio Grilli avoided mentioning Draghi directly but stressed that it was not the government but the central bank that was responsible for bank supervision.
"It wasn't us that did the controlling," he told reporters. "On the checks, all I will say is that it is the responsibility of the Bank of Italy."
Underlining the gravity of the crisis, Italian President Giorgio Napolitano said Monte Paschi's latest problems were a "serious issue" but that he had "full confidence in the Bank of Italy."
On Wednesday the central bank tried to deflect any criticism, saying the nature of the trades had been "kept hidden" and were only recently divulged by new management appointed last year to turn the bank around.
Draghi, who has won wide plaudits as ECB president, left the Bank of Italy in late 2011 after a five-year stint as governor.
During this time he was also president of the Financial Stability Board, an international body charged with improving financial supervision and regulation.
The deals under scrutiny are the so-called "Alexandria" trade with Japanese bank Nomura, the "Santorini" trade with Deutsche Bank and a derivative called "Nota Italia", with an unspecified bank.
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Chief Executive Fabrizio Viola said Italy's third biggest bank could face losses of as much as 720 million euros ($956 million) on the operations and the bank's shares have lost a fifth of their value since they came to light this week.
Analysts fear eventual losses could be higher and have urged Monte Paschi to come clean on any other potential surprises.
Monte Paschi, already one of Europe's most undercapitalised banks, had to ask for 3.9 billion euros in state loans last year to plug a capital hole stemming from its vast government bond portfolio and hedge transactions that had gone wrong.
One of the roots of its problems - the 2007 acquisition of smaller rival Antonveneta for a whopping 9 billion euros in cash just months before the beginning of the financial crisis - was also done under Draghi's watch.
Prosecutors are investigating why the bank paid such a high price for Antonveneta, stretching its finances to the limit.
The effectiveness
of the Bank of Italy's supervision is being increasingly questioned, despite the fact the country's lenders complain it is more stringent than other European regulators in its monitoring of the Italian financial industry.
of the Bank of Italy's supervision is being increasingly questioned, despite the fact the country's lenders complain it is more stringent than other European regulators in its monitoring of the Italian financial industry.
"One has to wonder what the Bank of Italy was doing given all the visits they've paid to Monte dei Paschi in recent months," said a source close to the situation.
"If what they came here to look at was only the information publicly available in the bank's financial statements, they could have done that from Rome."
The scandal has taken centre stage in the campaign ahead of Italy's national election on Feb 24-25 both because of the public money used to help the ailing bank and because of Monte Paschi's historical links to the centre-left.
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