Insta
IMF Chief Christine Lagarde Has Been Found Guilty Of Negligence By A French Court
Swarajya Staff
Dec 19, 2016, 08:21 PM | Updated 08:21 PM IST
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
International Monetary Fund (IMF) chief Christine Lagarde has been found guilty, by a French court, of criminal charges pertaining to the misuse of public funds when she was France’s finance minister, reported the New York Times. The court, however, ruled that she would not be penalised.
On the case against Lagarde, a BBC report said, “As French finance minister in 2008, she approved an award of €404m ($429m; £340m) to businessman Bernard Tapie for the disputed sale of a firm.”
Lagarde was appointed to the IMF as managing director in 2011 after her predecessor Dominique Strauss-Kahn resigned when he was accused of having sexually assaulted a maid in a hotel in New York City. She retained the top job at the IMF and began her second term in February this year.
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Introducing ElectionsHQ + 50 Ground Reports Project
The 2024 elections might seem easy to guess, but there are some important questions that shouldn't be missed.
Do freebies still sway voters? Do people prioritise infrastructure when voting? How will Punjab vote?
The answers to these questions provide great insights into where we, as a country, are headed in the years to come.
Swarajya is starting a project with an aim to do 50 solid ground stories and a smart commentary service on WhatsApp, a one-of-a-kind. We'd love your support during this election season.
Click below to contribute.