IMF Chief Christine Lagarde in Court Over €400m Payout to French Tycoon

From the Guardian

Christine Lagarde, the head of the International Monetary Fund, has gone on trial accused of negligence over a €400m (£335m) payment made to a French tycoon while she was the country’s finance minister.

Lagarde approved the payment from public funds to the businessman Bernard Tapie, who was a friend of the then president, Nicolas Sarkozy. 

This “negligence by a person in a position of public authority” constituted a misuse of public funds, according to prosecutors.

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