Tag Archives: negligence

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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…

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Statement via Thanasis Koukakis

Previously: The Real Heroes

He’s Held In High Lagarde