IMF's Christine Lagarde Found Guilty In French Negligence Case | No Fine Or Jail Time
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IMF's Christine Lagarde Found Guilty In French Negligence Case | No Fine Or Jail Time
Even the prosecutor in the case against International Monetary Fund Managing Director Christine Lagarde described it as a weak one seriously lacking in evidence that Lagarde misused public funds as France's finance minister. Jean-Claude Marin wanted judges last Thursday that they were treading a fine line between the law and politics, being guilty themselves of confusing 'criminal negligence' with 'making a bad political decision'.
Nevertheless, Lagarde, who was formerly France's finance minister, was gound guilty of negligence, with no penalties.
Gerry Rice, a spokesperson for the Washington-based IMF said the fund's executive board would meet later on Monday to consider options. The IMF is currently under scrutiny for its role in the Greek bailout and is deeply concerned about its future in a Donald Trump administration.
The New York Times writes that Lagarde's departure from the fund is considered unlikely, as the executive board has stood firmly behind her.
Updated: IMF Chief Christine Lagarde Will Keep Her Job Despite Conviction Fortune
