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With the International Monetary Fund facing populist criticism and at a critical .
PARIS — International Monetary Fund chief Christine Lagarde must stand trial . February 1993: Businessman Bernard Tapie sells his majority stake in . With the International Monetary Fund facing populist criticism and at a critical juncture, Ms. Lagarde was found guilty of charges linked to her time as France’s finance minister.
PARIS — International Monetary Fund chief Christine Lagarde must stand trial over her role in a multi-million euro payout to a tycoon while she was French economy minister, France’s highest court ruled Friday. February 1993: Businessman Bernard Tapie sells his majority stake in sportswear company Adidas through French bank Credit Lyonnais. Tapie claims the deal was mismanaged and begins a long legal battle with the bank to claim damages. June 2008: Lagarde appointed minister of finance and economy for France. Lagarde was found to be at fault over her decision to allow a private arbitration panel to resolve a dispute over the sale of the Adidas sports brand to Credit Lyonnais bank, rather than the courts, and then failing to challenge the payout. Business tycoon Bernard Tapie.
The Lagarde trial stems from former state-owned bank Credit Lyonnais’s disagreement with Tapie over the 1993 sale of his Adidas AG. The dispute led to arbitration -- that Lagarde didn’t try. The head of the International Monetary Fund (IMF), Christine Lagarde, has been found guilty of negligence after a trial in France over compensation awarded in 2008 to Bernard Tapie, a. International Monetary Fund chief Christine Lagarde has been convicted over her role in a controversial €400m (£355m) payment to a businessman. French judges found Ms Lagarde guilty of. Spanning more than two decades, the Tapie affair has entangled French establishment figures including IMF chief Christine Lagarde. It began when French businessman Bernard Tapie sued the French.
The bank sold Adidas for just under €318 million (2 million) the following year to a group of buyers, including a subsidiary of Credit Lyonnais. A year later, Adidas was sold again,. A French court found Christine Lagarde, the current head of the International Monetary Fund, guilty of negligence for improperly overseeing a 2008 case when she was France's finance minister. With the International Monetary Fund facing populist criticism and at a critical juncture, Ms. Lagarde was found guilty of charges linked to her time as France’s finance minister.
PARIS — International Monetary Fund chief Christine Lagarde must stand trial over her role in a multi-million euro payout to a tycoon while she was French economy minister, France’s highest court ruled Friday.
February 1993: Businessman Bernard Tapie sells his majority stake in sportswear company Adidas through French bank Credit Lyonnais. Tapie claims the deal was mismanaged and begins a long legal battle with the bank to claim damages. June 2008: Lagarde appointed minister of finance and economy for France.
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Lagarde was found to be at fault over her decision to allow a private arbitration panel to resolve a dispute over the sale of the Adidas sports brand to Credit Lyonnais bank, rather than the courts, and then failing to challenge the payout. Business tycoon Bernard Tapie.
The Lagarde trial stems from former state-owned bank Credit Lyonnais’s disagreement with Tapie over the 1993 sale of his Adidas AG. The dispute led to arbitration -- that Lagarde didn’t try. The head of the International Monetary Fund (IMF), Christine Lagarde, has been found guilty of negligence after a trial in France over compensation awarded in 2008 to Bernard Tapie, a. International Monetary Fund chief Christine Lagarde has been convicted over her role in a controversial €400m (£355m) payment to a businessman. French judges found Ms Lagarde guilty of.
Spanning more than two decades, the Tapie affair has entangled French establishment figures including IMF chief Christine Lagarde. It began when French businessman Bernard Tapie sued the French. The bank sold Adidas for just under €318 million (2 million) the following year to a group of buyers, including a subsidiary of Credit Lyonnais. A year later, Adidas was sold again,.
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