Taosieach Enda Kenny and IMF Managing Director Christine Lagarde at Government Buildings in Dublin in January 2015
The Financial Times reports:
Christine Lagarde was found guilty of negligence in public office by a special Paris court on Monday in a case that has cast a cloud over her position as managing director of the International Monetary Fund.
A French tribunal decided not to hand down any sentence to the former French finance minister. Ms Lagarde’s lawyer said the verdict would not enter into her judicial record and claimed the verdict as a “half victory”.
The court, dedicated to judging ministers, said Ms Lagarde failed to prevent a fraudulent €403m payout the French state made to flamboyant entrepreneur Bernard Tapie when she was finance minister.
The court said that Ms Lagarde should have appealed the payout, which occurred in 2008.
The conviction is an unwelcome stain on the IMF managing director’s stint at the fund. But it may not be enough to see her toppled at the head of the fund.
French court finds Christine Lagarde guilty of negligence (Financial Times)
Meanwhile…
Statement via Thanasis Koukakis
Previously: The Real Heroes
Oh please! Laws are for the little people.
I know. I hate being small.
Well, that’s awkward.
What with the telling other countries to tighten belts & not doing it yourself.
Vive La France! JUSTICE AT LAST FOR SOPHIE TOSCAN DUPLANTIER! I knew that he was was guilty!
Er, wait no,…. er,….
Too soon?
IMF affords her diplomatic immunity. Handy that.
Ah, sure it’s Chrissie- Noonans soul mate. How much tax do you think she pays on her $500,000+ income from the IMF? Less than what vulture funds pay here. 0 to be exact.
And guilty of negligence. Fraudulent payout of €403m. No penalty though. And this is what heads up the IMF. And she’s available for another term.
The elites of global society are rotten & corrupt to the core.
…..and you want the dictatorship of the proletariat, right?
Wait didn’t communism fail in 1989?
Dats only peanuts..We have idiots who would lose that before breakfast.
Lagarde is taking the blow for many incompetents, it’s not all quite as it seems on a cursory glance.