IMF chief Lagarde found guilty of negligence by French court over payout to businessman | |
Anonymous Coward (OP) User ID: 70661422 United States 12/21/2016 09:11 PM Report Abusive Post Report Copyright Violation | Lagarde was not present when the court announced its verdict on Monday, Reuters reported citing her lawyer. Quoting: Goneviral The long-running case revolves around an arbitration deal over the sale of Adidas sportswear, which saw tycoon Bernard Tapie receiving a 403 million ($425 million) payout. Tapie is said to have had connections in the highest circles of French society, including then-President Nicolas Sarkozy. The IMF Executive Board is expected to arrange a meeting shortly to consider developments related to the legal proceedings in France, IMF spokesman Gerry Rice said on Monday, as cited by Reuters. [link to www.rt.com (secure)] |