IMF Chief Lagarde Loses Fight to Avoid Trial in Tapie Case
- Lagarde lawyer convinced allegations are without merit
- Ex-finance minister risks jail term and fine if convicted
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International Monetary Fund Managing Director Christine Lagarde must face a criminal trial for her handling of a dispute during her time as French finance minister, a ruling that could hamper her second term as head of the world’s lender of last resort.
The Cour de Cassation backed a December decision that Lagarde, 60, should stand trial for alleged negligence that paved the way for a massive government payout to tycoon Bernard Tapie.