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Christine Lagarde to stand trial over Tapie affair after appeal fails
Source: The Guardian
Christine Lagarde to stand trial over Tapie affair after appeal fails
Special court to try IMF chief over €400m payout to businessman
who backed Nicolas Sarkozy in 2007 presidential race
Kim Willsher in Paris
Friday 22 July 2016 17.07 BST
Christine Lagarde, the head of the International Monetary Fund, has failed in her attempt to avoid trial for alleged negligence over a long-disputed multimillion-euro government payout to a French tycoon.
After eight years of legal wrangling, court rulings made then overturned, accusations and denials, France’s cour de cassation threw out Lagarde’s appeal to have the case dropped. Friday’s decision came just a fortnight after the French former finance minister began her second term running the Washington-based IMF.
In December last year, Lagarde, 60, was ordered to appear in court over the decision in 2008 to award more than €400m (then £290m) to Bernard Tapie in his case against the French public bank Crédit Lyonnais. He supported the former rightwing president Nicolas Sarkozy in whose government Lagarde served.
After a long investigation, judges decided she should face accusations of “negligence by a person in a position of public authority”.
[font size=1]-snip-[/font]
Special court to try IMF chief over €400m payout to businessman
who backed Nicolas Sarkozy in 2007 presidential race
Kim Willsher in Paris
Friday 22 July 2016 17.07 BST
Christine Lagarde, the head of the International Monetary Fund, has failed in her attempt to avoid trial for alleged negligence over a long-disputed multimillion-euro government payout to a French tycoon.
After eight years of legal wrangling, court rulings made then overturned, accusations and denials, France’s cour de cassation threw out Lagarde’s appeal to have the case dropped. Friday’s decision came just a fortnight after the French former finance minister began her second term running the Washington-based IMF.
In December last year, Lagarde, 60, was ordered to appear in court over the decision in 2008 to award more than €400m (then £290m) to Bernard Tapie in his case against the French public bank Crédit Lyonnais. He supported the former rightwing president Nicolas Sarkozy in whose government Lagarde served.
After a long investigation, judges decided she should face accusations of “negligence by a person in a position of public authority”.
[font size=1]-snip-[/font]
Read more: https://www.theguardian.com/world/2016/jul/22/christine-lagarde-to-stand-trial-tapie-affair-appeal-fails-imf-chief-nicolas-sarkozy
