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| IMF's Christine Lagarde 'under investigation' | |
| (35 minutes later) | |
| IMF head Christine Lagarde says she has been placed under formal investigation for negligence in French fraud case but has not been charged. | |
| She has been questioned several times about her role in a 400m euro (£318m; $527m) compensation payout to businessman Bernard Tapie in 2008. | |
| Ms Lagarde was finance minister in President Nicolas Sarkozy's government at the time of the award. | |
| Mr Tapie supported Mr Sarkozy in the 2007 presidential election. | |
| His case was later referred by Ms Lagarde to a three-member arbitration panel which awarded the compensation. | |
| Investigators suspect he was granted a deal in return for his support of President Sarkozy. |