IMF Chief Christine Lagarde Found Guilty of Negligence
She won’t be penalized. Christine Lagarde, managing director of the International Monetary Fund, has been handed a guilty verdict following a trial for negligence. During her time as France’s finance minister, she approved a $429 million payout of public money to controversial French businessman Bernard Tapie. Though Lagarde won’t face jail time despite being found guilty, she could lose her job at the IMF. Already under scrutiny for its role in the Greek bailout, the financial organization now faces a crisis of stability following the judgment against Lagarde.