Political Corruption, Investigation | featured news

A lawyer for IMF chief Christine Lagarde says French investigators have searched her Paris home today as part of an inquiry into her role in a $400 million arbitration deal in favor of a tycoon. The laywer, Yves Repiquet (eev ruh-PEE-kay), says Lagarde has nothing to hide and he welcomed Wednesday's search as another step in proving her innocence.

Spain's governing Popular Party announced Saturday that it will investigate the financial activities of a former treasurer whom a court said had amassed an unexplained €22 million ($29 million) in Swiss bank accounts.

A federal criminal investigation targeting John Edwards is examining how much the two-time presidential candidate knew about money used to cover up his extramarital affair and out-of-wedlock child and whether he had other practices that pushed the bounds of campaign finance laws, people involved in the case have told The Associated Press.

The mayors of two New Jersey cities and a state legislator are under arrest today as part of a major corruption and international money laundering conspiracy probe.

Former Chief of Staff for ex-Gov. Rod Blagojevich (D-IL) reaches plea deal in attempted sale of Obama's Senate seat and agrees to cooperate.