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IMF chief Lagarde ordered to French trial

Friday, December 18, 2015 - 00:41

A French court has ordered Christine Lagarde, the head of the International Monetary Fund, to face trial over her role in a payout of some 400 million euros to businessman Bernard Tapie. Jillian Kitchener reports.

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IMF chief Christine Lagarde has been ordered back to France to face trial. Lagarde is accused of negligence for her role in the pay-out of some 400 million euros to businessman Bernard Tapie, when she was serving as France's finance minister. Tapie had won French government compensation after selling his stake in Adidas to the Credit Lyonnais bank in 1993. He claimed the bank had defrauded him after it later resold his stake for a much higher sum. But Lagarde says there is no basis for any charge against her in this affair... and says she will appeal the court's decision.

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IMF chief Lagarde ordered to French trial

Friday, December 18, 2015 - 00:41