IMF chief Christine Lagarde to stand trial over £340 million payout to French tycoon

‘Christine Lagarde, the managing director of the International Monetary Fund (IMF), will stand trial on Monday (12 December) over the French government’s €405m (£340m) payout to controversial tycoon Bernard Tapie.
The 60-year-old, who faces up to a year in prison if found guilty and a fine of €15,000, has denied charges of “negligence” over her role in the payment.
Tapie, a close associate of former French president Nicola Sarkozy, received the payout in 2008, when Lagarde was the French finance minister.
Tapie, who was in charge of Olympique Marseille when they became the first French side to lift the Champions League in 1993, claimed Credit Lyonnais defrauded him when it sold Adidas on his behalf to Robert Louis-Dreyfus in the same year.’
Read more: IMF chief Christine Lagarde to stand trial over £340 million payout to French tycoon