IMF chief Christine Lagarde must stand trial for her role in a €400 million payout case, while she was French finance minister back in 2008, France's highest appeals court has ruled.
Lagarde is accused of “negligence” which “resulted in a misuse of public funds by a third party,” the Cour de Cassation, one of France's courts of last resort, said in a statement on Friday.
The IMF board, in the meantime, said the organization is confident that Lagarde is able to carry out her duties effectively following the ruling. News that the IMF chief may face a negligence trial in France had been circulating in the media for several years.
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INC News, 22/07/2016 - source: ©RTNews
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