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IMF's Lagarde to stand trial over Tapie affair: French court

Friday, July 22, 2016 - 21:17
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IMF chief Christine Lagarde was ordered Friday by a French court to stand trial over a massive state payout to a controversial tycoon when she was economy minister.

[PARIS] IMF chief Christine Lagarde was ordered Friday by a French court to stand trial over a massive state payout to a controversial tycoon when she was economy minister.

France's highest appeals court dismissed Lagarde's appeal against the decision to try her for negligence in her handling of the affair, which saw Bernard Tapie walk away with 404 million euros (S$604 million) in taxpayer money in 2008.

AFP