IMF chief Christine Lagarde to stand trial for negligence over Tapie payout

Lagarde had been charged with negligence in the case in which Tapie was awarded more than 400 million euros ($433 million) in a 2008 dispute with the Credit Lyonnais bank.

By: AFP | Paris | Published:December 17, 2015 9:27 pm
lagarde International Monetary Fund managing director Christine Lagarde

International Monetary Fund (IMF) chief Christine Lagarde has been sent to trial over her handling of a massive state payout to French tycoon Bernard Tapie during her time as finance minister, a legal source said today.

Lagarde had been charged with negligence in the case in which Tapie was awarded more than 400 million euros ($433 million) in a 2008 dispute with the Credit Lyonnais bank over the sale of sportswear giant Adidas in 1993.

Tapie was ordered to pay back the money at the beginning of this month.