Lagarde guilty of negligence, court rules

IMF chief found guilty of negligence but is not punished

Christine Lagarde
Lagarde guilty, but not punished

International Monetary Fund chief Christine Lagarde has been found guilty of negligence by a French court for failing to challenge a state payout in 2008.

However, no sentence has been passed and Lagarde will not face any punishment.

The case was brought to a specialist tribunal at the Cour de Justice de la République after Lagarde was accused of approving a payout to French businessman Bernard Tapie during her time as finance minister.

The payout related to Tapie's sale of his majority stake in

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