BREAKING: IMF Boss Lagarde Found Guilty of Professional Misconduct

Posted by African Examiner Featured, Latest Headlines, World News Monday, December 19th, 2016

BALTIMORE, MD (AFRICAN EXAMINER) – The International Monetary Fund (IMF) boss Christine Lagarde has been found guilty of professional negligence by French Court.

Although, the court held that Ms. Lagarde would not be penalized, but ruled that as a French Finance Minister in 2008, she approved an award of €404m ($429m; £340m) to a businessman Bernard Tapie for the disputed sale of a firm.

The IMF Chief was tried in absentia as she had left France for Washington.

It would be recalled that Ms. Lagarde last Friday told the court that she always acted in good faith.
According to Reuters, Lagarade’s team of lawyer has announced it would consider appealing against the Monday’s ruling.