This article is from the source 'rtcom' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at https://www.rt.com/news/370752-imf-lagarde-guilty-french/
The article has changed 3 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| IMF chief Lagarde found guilty of negligence by French court over payout to businessman | IMF chief Lagarde found guilty of negligence by French court over payout to businessman |
| (35 minutes later) | |
| The head of the International Monetary Fund (IMF), and France’s former finance minister, Christine Lagarde, has been charged with negligence by a Paris court over a huge payout to a business tycoon in 2008. | |
| Despite the guilty finding, the Court of Justice of the Republic did not issue any sentence for the IMF chief. | |
| Lagarde was not present when the court announced its verdict on Monday, Reuters reported citing her lawyer. | |
| The long-running case revolves around an arbitration deal over the sale of Adidas sportswear, which saw tycoon Bernard Tapie receiving a €403 million ($425 million) payout. Tapie is said to have had connections in the highest circles of French society, including then-President Nicolas Sarkozy. | |
| The IMF Executive Board is expected to arrange a meeting shortly “to consider developments related to the legal proceedings in France,” IMF spokesman Gerry Rice said on Monday, as cited by Reuters. | |
| Ahead of the Monday ruling, Lagarde argued that negligence was “an unintentional offense.” | |
| “I think we are all a bit negligent sometimes in our life. I have done my job as well as I could, within the limits of what I knew,” she told France 2 television. |