New York Times: Christine Lagarde, I.M.F. Chief, Is Found Guilty of Negligence
PARIS — Christine Lagarde, the managing director of the International Monetary Fund, was found guilty on Monday of criminal charges linked to the misuse of public funds during her time as France’s finance minister, a verdict that could force her out of her post.
The judge hearing the case declined, however, to impose a fine or any jail time on Ms. Lagarde, who began her second five-year term at the I.M.F. in February. The scandal has overshadowed her work at the fund, to which she was appointed in 2011, after Dominique Strauss-Kahn resigned as managing director when he was accused of having sexually assaulted a maid in a New York City hotel.
The move is likely to destabilize the I.M.F. as it faces a host of thorny issues, including questions over its participation in a multibillion-dollar bailout for Greece and uncertainty about the United States’ role in the organization once Donald J. Trump becomes president in January.
The verdict was a surprise, after the prosecutor in the trial said last week that the case against her was “very weak” and did not appear to be enough to win a conviction.
Read more ....
Update #1: IMF's Lagarde Found Guilty of Negligence, but Escapes Prison Sentence (NBC)
Update #2: IMF chief Lagarde found guilty over French tycoon payment (AFP)
WNU Editor: No fine and no prison time .... she is lucky. But as a convicted felon she can no longer be the head of the IMF .... she has to resign.
0 Response to "The Head Of The IMF Christine Lagarde Has Been Found Guilty Of Criminal Charges"
Post a Comment