IMF's Lagarde found guilty of negligence by French court
IMF head Christine Lagarde on Monday was found guilty of negligence by a French court over a massive payout to a tycoon when she was finance minister, but will not be fined or face prison. - Filepic
IMF head Christine Lagarde on Monday was found guilty of negligence by a French court over a massive payout to a tycoon when she was finance minister, but will not be fined or face prison.
Lagarde was found to be at fault over her decision to let a dispute over Bernard Tapie's sale of the Adidas sports brand to Credit Lyonnais bank be resolved by a private arbitration panel rather than the usual courts, and then of failing to challenge the 404-million-euro ($422 million) award that followed.
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