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| IMF to investigate its director | IMF to investigate its director |
| (30 minutes later) | |
| The International Monetary Fund (IMF) is investigating whether its French director abused his power in an alleged relationship with a subordinate. | |
| The IMF said the inquiry was instigated by a long-serving governing board member, Shakour Shaalan of Egypt. | The IMF said the inquiry was instigated by a long-serving governing board member, Shakour Shaalan of Egypt. |
| In a statement Mr Strauss-Khan said he was co-operating with the inquiry but denied abusing his power, according to Reuters news agency. | In a statement Mr Strauss-Khan said he was co-operating with the inquiry but denied abusing his power, according to Reuters news agency. |
| It comes as the world grapples with the worst financial crisis for decades. | It comes as the world grapples with the worst financial crisis for decades. |