International Monetary Fund chief to stand trial for negligence over Tapie payout
18 Dec 2015 2:51 AM IST
Tapie was ordered to pay back the money at the beginning of this month.
Christine Lagarde International Monetary Fund (IMF) Managing Director Christine Lagarde speaks during a news conference at the IMF in Washington. (Photo: AP)
Paris: International Monetary Fund (IMF) chief Christine Lagarde has been sent to trial over her handling of a massive state payout to French tycoon Bernard Tapie during her time as finance minister, a legal source said on thursday.
Lagarde had been charged with negligence in the case in which Tapie was awarded more than 400 million euros ($433 million) in a 2008 dispute with the Credit Lyonnais bank over the sale of sportswear giant Adidas in 1993.
Tapie was ordered to pay back the money at the beginning of this month.
( Source : AFP )
Next Story
