IMF chief guilty in $422m payout case
PARIS: A French court on Monday found International Monetary Fund (IMF) chief Christine Lagarde guilty of negligence over a massive state payout to a tycoon when she was French finance minister, but spared her a fine or jail sentence.
The Court of Justice of the Republic faulted Lagarde over her handling of a dispute between the state and flamboyant businessman Bernard Tapie, which ended in a $422 million award for Tapie.
In a blow to her otherwise stellar career, the court rapped Lagarde for failing to contest the massive payment
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