22 Jul 2016
France’s highest appeals court ruled on Friday that International Monetary Fund chief Christine Lagarde must stand trial for her role in a 400 million euros ($440 million) payout in 2008 to businessman Bernard Tapie. She was French finance minister at the time. The court rejected her appeal against a judge’s order in December for her to stand trial at the Cour de Justice de la Republique, a special court that tries ministers for crimes in office. Her lawyer Patrick Maisonneuve expressed regret over the decision and said he was convinced that the trial would show she was innocent. Lagarde is accused of negligence by improperly signing off on the decision to allow an extremely rare out-of-court arbitration in a dispute between Tapie, a supporter of conservative former president Nicolas Sarkozy, and the state.
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