IMF's Lagarde to stand trial over Tapie affair: French court
Published Fri, Jul 22, 2016 · 01:17 PM
[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
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Luxury sector outlook clouded by China’s slow recovery
TikTok CEO expects to defeat US restrictions: ‘We aren’t going anywhere’
TikTok artists and advertisers to stay with app until ‘door slams shut’
Biden signs Ukraine aid, TikTok ban Bills after Republican battle
UAE announces US$544 million for rain repairs, says lessons 'learned'
HSBC says growing Chinese wealth fuels client investments in US