BREAKING!! IMF chief Lagarde found guilty of negligence over a massive state payout to a French tycoon!!!

A French court on Monday found IMF head Christine Lagarde guilty of negligence over a massive state payout to a tycoon when she was French finance minister, but she will continue to lead the fund.





Lagarde was spared her a fine or prison sentence, and the International Monetary Fund board meeting in Washington said it retains "full confidence" in her ability to continue to lead the organization.

Speaking to reporters in Washington, Lagarde said she was not happy with the court ruling, even though she faces no penalty, but would not appeal.

"I am not satisfied, but there comes a point in time when one just has to stop, turn the page, and move on and continue to work with those who have put their trust in me," Lagarde said, calling the process a "painful" one.

A special court in Paris found against Lagarde over her handling of a dispute between the state and flamboyant businessman Bernard Tapie, which ended in a 404-million-euro ($422 million) award for Tapie.

The court rapped Lagarde for failing to contest the massive payment, which was linked to Tapie's sale of the Adidas sportswear brand to Credit Lyonnais bank.

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Last Edited by Digital mix guy on 12/20/2016 12:15 AM