Court order to bring Lagarde to trial ‘incomprehensible': lawyer

23 Dec 2015 | Author: | No comments yet »

IMF boss Christine Lagarde to face French trial over Tapie affair: report.

A French court has reportedly ordered Christine Lagarde, the head of the International Monetary Fund (IMF), to face trial over her role in a payout of about €400m (£290m) to businessman Bernard Tapie.

Magistrates at the Cour de justice de la Republique, which judges ministers for crimes in office, were not immediately able to answer requests for comments on Thursday. France’s main prosecutor recommended in September that magistrates drop their investigation into the IMF chief for alleged negligence over the affair. Lagarde’s lawyer, Yves Repiquet, said he would be recommending that she appeal against the decision, which would bring her to court over an affair that dates back more than 20 years. While Lagarde was finance minister, Tapie won French government compensation after selling his stake in sports company Adidas to Credit Lyonnais in 1993.

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