News and Politics

IMF chief Christine Lagarde found guilty over tycoon payout1 min read

A special French court has found the head of the International Monetary Fund (IMF) guilty of negligence – by allowing the misuse of public funds over a large state payout to a business tycoon, when she was the country’s finance minister.

The judges ruled that Christine Lagarde had failed to challenge a 400-million euro state arbitration payment to Bernard Tapie in 2008.

Despite the ruling the court decided not to hand down a sentence. The charge carried a potential punishment of a year in prison and a 15,000-euro fine.

Read the full story: http://www.euronews.com/2016/12/19/imf-chief-christine-lagarde-found-guilty-of-negligence-as-french-finance-minister-in-tycoon-payout-trial-but-court-gives-no-sentence

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