Economics
IMF’s Lagarde to Face Trial for ‘Negligence’ in Tapie Case
- Tapie won millions in arbitration when Lagarde was minister
- Lagarde retains confidence of IMF board despite trial
IMF Managing Director Christine Lagarde.
Photographer: Rony Zakaria/BloombergThis article is for subscribers only.
International Monetary Fund Managing Director Christine Lagarde will be tried for “negligence” in relation to a settlement the French government reached with businessman Bernard Tapie during her time as finance minister, a French court said Thursday.
Lagarde, 59, has repeatedly denied wrongdoing and will appeal the decision to put her on trial, her lawyer said. The decision was made by a special commission of the court against the advice of the prosecutor, a court official said.