French Court Finds IMF Chief Christine Lagarde Guilty of Negligence but Doesn't Impose Penalty
Ruling relates to Lagarde’s role as French finance minister; IMF board expresses confidence in her
A French court Monday found Christine Lagarde guilty of negligence during her time as French finance minister but decided the International Monetary Fund head should not face any penalty. Photo: AP.
PARIS—A French court Monday found Christine Lagarde, head of the International Monetary Fund, guilty of negligence during her time as the country’s finance minister, but the fund’s board expressed full confidence in her.
The court imposed no penalty on Ms. Lagarde, who had pleaded not guilty over allegations of negligence stemming from her role in settling a long-running legal battle between the French state and business tycoon...
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