IMF chief Lagarde to stand trial in €400million payout case – court

‘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.’
Read more: IMF chief Lagarde to stand trial in €400million payout case – court