Tuesday, December 20, 2016

French Court Finds IMF Chief Christine Lagarde Guilty of Negligence but Doesn't Impose Penalty

William Horobin

A French court Monday found guilty of negligence during her time as French finance minister, but imposed no penalty.  Ms. Lagarde, the head of the International Monetary Fund, had pleaded not guilty over allegations of negligence stemming from her role settling a long-running legal battle between the French state and business tycoon Bernard Tapie. She wasn’t in court for the ruling, but her lawyers said they were taken aback after the prosecutor in the case last week argued against a guilty verdict......To Read More....

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