Lagarde guilty of negligence, court rules

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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