Christine Lagarde, the head of International Monetary Fund (IMF) has been found guilty of negligence in her handling of a fraud case. This ruling was made by a French court.
According to a report by CNN, the court was made up of magistrates and members of parliament (special court). It further stated that Lagarde will not be jailed, fined or receive a criminal record.
Christine Lagarde had been accused of treating Benard Tapie preferentially. Tapie was suing the French government. At that time, Lagrade was the minister in charge of the French economy.
Tapie ended up winning the case and was awarded a whooping USD$306 million as well as accruing interest. , plus interest. Christine was found to have been negligent for not challenging the award of huge sums of tax money.
During the ruling she was in Washington but was represented by her lawyer.
