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Christine Lagarde avoids jail, keeps job after guilty verdict in negligence trial
Source: The Guardian
Christine Lagarde avoids jail, keeps job after guilty verdict in negligence trial
Judges opt not to give any punishment to head of International
Monetary Fund, who was given support of IMF board after the verdict
Kim Willsher , Larry Elliott and Dominic Rushe
Monday 19 December 2016 18.58 GMT
Christine Lagarde has been found guilty of negligence in approving a massive payout of taxpayers’ money to controversial French businessman Bernard Tapie but avoided a jail sentence.
A French court convicted the head of the International Monetary Fund and former government minister, who had faced a €15,000 (£12,600) fine and up to a year in prison. But it decided she should not be punished and that the conviction would not constitute a criminal record. On Monday evening the IMF gave her its full support.
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Within hours of the court’s decision, the IMF’s 24-member board convened a meeting to discuss Lagarde’s future. On Monday evening the IMF’s Washinton-based executive board gave Lagarde its full support.
“The executive board looks forward to continuing to work with the managing director to address the difficult challenges facing the global economy,” the board said in a statement.
[font size=1]-snip-[/font]
Judges opt not to give any punishment to head of International
Monetary Fund, who was given support of IMF board after the verdict
Kim Willsher , Larry Elliott and Dominic Rushe
Monday 19 December 2016 18.58 GMT
Christine Lagarde has been found guilty of negligence in approving a massive payout of taxpayers’ money to controversial French businessman Bernard Tapie but avoided a jail sentence.
A French court convicted the head of the International Monetary Fund and former government minister, who had faced a €15,000 (£12,600) fine and up to a year in prison. But it decided she should not be punished and that the conviction would not constitute a criminal record. On Monday evening the IMF gave her its full support.
[font size=1]-snip-[/font]
Within hours of the court’s decision, the IMF’s 24-member board convened a meeting to discuss Lagarde’s future. On Monday evening the IMF’s Washinton-based executive board gave Lagarde its full support.
“The executive board looks forward to continuing to work with the managing director to address the difficult challenges facing the global economy,” the board said in a statement.
[font size=1]-snip-[/font]
Read more: https://www.theguardian.com/world/2016/dec/19/christine-lagarde-avoids-sentence-despite-guilty-verdict-in-negligence-trial
LBN thread: Christine Lagarde, I.M.F. Chief, Is Found Guilty of Negligence