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Christine Lagarde convicted: IMF head found guilty of criminal charges over massive government payout

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London Independent
December 19, 2016

International Monetary Fund chief Christine Lagarde has been convicted over her role in a controversial €400m (£355m) payment to a businessman.

French judges found Ms Lagarde guilty of negligence for failing to challenge the state arbitration payout to the friend of former French President Nicolas Sarkozy.

The 60-year-old, following a week-long trial in Paris, was not given any sentence and will not be punished.

The Court of Justice of the Republic, a special tribunal for ministers, could have given Ms Lagarde up to one-year in prison and a €13,000 fine.

The ruling however risks triggering a new leadership crisis at the IMF after Ms Lagarde’s predecessor Dominique Strauss Khan resigned in 2011 over a sex assault scandal.

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This article was posted: Monday, December 19, 2016 at 10:51 am





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