Confidence in the face of Christine Lagarde, who is facing a formal judicial investigation in France for the corruption case dating back to 2008, expressed the Governing Board of the International Monetary Fund (IMF).

According to a statement by the 24 member board “The Executive Committee has been informed about the latest developments related to this issue and continues to express confidence in the capacity of  the general manager for the effective discharge of her functions” .

The IMF Board of Directors, which has the power to hire and fire general directors of the organization, as in the case of the sex scandal starring Dominique Strauss Kan, had expressed its confidence in Lagarde after the first three times the head of IMF was interrogated as a witness, and also examined the effects of the case when  decided to place her in the “wheel” of the IMF in 2011.

The case of a criminal investigation concerning the consent of Christine Lagarde to allow an arbitration panel to resolve a dispute between a former state bank and the French businessman Bernard Tapie. The compensation committee recommended 430 million euro to Tapie, which Lagarde when she was the French Minister of Finance approved the 2008. Back then Lagarde had said that she believed that the agreement was in the interest of the French government.

The defense of Lagarde said that would appeal the decision to open a criminal investigation against the legal process of appeal which is likely to last beyond the end of her first five-year tenure at the IMF, which expires in July of 2016.