IMF’s Lagarde to go on trial for negligence in arbitration case: Following France’s highest appeals court denial to hear International Monetary Fund Director Christine Lagarde’s petition to dismiss a charge of negligence, Lagarde will stand trial for her role in approving the arbitration in favor of French businessman Bernard Tapie.
Tapie sued Credit Lyonnais, then owned by the French government, over allegedly undervaluing stock he owned in the German sportswear firm Adidas. Tapie sold his stake for ₣2 billion. The holding was sold later to French businessman Robert Louis-Dreyfus for ₣4 billion. Tapie sued Credit Lyonnais for undervaluing his stake and the case was decided when Lagarde, then serving as Finance Minister, approved the arbitration. According to witnesses in the case, Lagarde had been fully briefed on the case, but approved the matter for arbitration.
Lagarde faces one year in prison if convicted.
Pentagon confirms ISIS leader killed in August: Despite conflicting reports as to which country conducted the airstrike which killed Islamic State (ISIS) leader Abu Muhammad al-Adnani, the Pentagon announced on Sept. 12, the Islamist militant leader was killed in the August 30 raid by American forces.
The Russian Ministry of Defense had initially contradicted the Pentagon’s claim its aircraft struck al-Adnani position in Syria and maintains Russian aircraft was responsible for his death, a claim the Pentagon continues to dismiss as ridiculous.
A founding member of the terror group, al-Adnani was widely regarded as the second in command of the movement.
UK Parliament assails Cameron over Libya: In a searing report released by the House of Commons foreign affairs committee on Wednesday, Members of Parliament rebuked former British Prime Minister David Cameron for a failure in strategy during the British intervention in Libya in 2011.
Specifically, the report concluded Cameron did not exercise patience in discovering alternatives to an “ill-conceived” intervention to oust strongman Colonel Muammar Gaddafi, did not identify militants among rebels, and had no plan to contend with a post-Gaddafi Libya.
The report concludes through Cameron’s intervention the result has been humanitarian disaster, political and economic chaos, widespread sectarian violence, human rights violations, and contributed to the rise of ISIS in Libya.
Anti-corruption probe in Russia ensnares anti-corruption chief: Acting anti-graft administrator Dmitry Zakharchenko was arrested in Moscow after Russian police raided his home and seized cash in excess of $120 million and €2 million.
An administrator with the Russian Ministry of the Interior, Zakharchenko is the deputy head of the Energy Industry Department of the General Administration of Economic Security and Combating the Corruption.
According to Russian police, Zakharchenko refused to acknowledge the origin of the money, only claiming he is innocent of corruption.
Assad pledges to re-claim all Syria: Hours before a Russian-American negotiated ceasefire was to take effect, Syrian President Bashar al-Assad vowed to “re-take every inch of Syria from terrorists.”
Assad spoke at Daraya mosque while celebrating the Muslim Eid al-Adha holiday.
Clinging to power just over a year ago, Assad’s rule has been bolstered through the intervention of Russia, which has hinted at Assad’s departure and likely refuge in Russia.
No mention of Assad leaving power by the Kremlin has been made in months.
Syria ceasefire extended 48 hours: Despite claims each side is responsible for breaches to the Sept. 12 ceasefire in Syria, Russian and American officials have agreed to extend Sunday’s cessation of hostilities in Syria another 48 hours.
The agreement came during a phone conversation between Russian Foreign Minister Sergey Lavrov and U.S. Secretary of State John Kerry.
Should the fragile ceasefire hold, the two powers will advance a larger peace framework including the creation joint-operations center to liaise on airstrikes against al-Nusra and ISIS positions.
[RT News] [Reuters] [The Telegraph]