GO
Loading...

Former Lagarde Aide Accused of Moving Rail Route

Friday, 3 May 2013 | 5:28 AM ET
AFP | Getty Images

A former aide to Christine Lagarde has come under suspicion of attempting to influence a decision on the proposed route of France's famous TGV high-speed train to prevent it from cutting through his mother's garden in south-west France, French newspaper journal Sud-Ouest reported.

François-Gilles Egretier, who as a technical adviser to the IMF Managing Director when she was France's economy minister, was placed under investigation following the news earlier this week.

The French rail network's decision, taken three years ago, to send the new route through the village of Uchacq-et-Parentis angered local residents. It was set to affect 60 homes, including that of Egretier's mother.

The rail network raised eyebrows when it reviewed its decision just three months later and announced it would move the route 3 kilometers further north. The decision affected 15 different residents who launched a complaint.

Sud-Ouest newspaper said the decision was mentioned in a local gazette, in which the mayor of Uchacq-et-Parentis thanked Egretier.

Renaud Van Ruymbeke, a magistrate who is investigating the case, suspects Egretier of having alerted France's transport minister, who organized a meeting with the rail network.

The paper said Egretier's lawyer was not available for comment.


Featured

Contact Europe News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    › Learn More

Europe Video

  • Jan Dunning, CEO of St Petersburg-headquartered hypermarket chain Lenta, says the situation in Ukraine has had no impact on the group, as consumer confidence remains unaffected in Russia.

  • Vincent Deluard, European strategist at Ned Davis Research Group, says the strong euro is a problem for the region's companies, especially for the large exporters.

  • European shares closed higher on Thursday as investors brushed aside concerns regarding Ukraine and focused instead on Wall Street earnings and the latest U.S. jobs data.