IMF's Lagarde found guilty in French tycoon payout trial

IMF's Lagarde found guilty in French tycoon payout trial

PARIS - Reuters
IMFs Lagarde found guilty in French tycoon payout trial

REUTERS photo

French judges on Dec. 19 found IMF chief Christine Lagarde guilty of negligence for failing to challenge a 400 million euro ($417 million) state arbitration payout to a business tycoon in 2008 when she was French finance minister.

Despite the ruling the judges did not hand down any sentence in the case on her decision to allow the rare out-of-court arbitration payment. She has denied the negligence charges.

Her lawyer said immediately after the ruling that his team would look into appealing the decision. 

The ruling risks triggering a new leadership crisis at the International Monetary Fund after Lagarde's predecessor Dominique Strauss Khan resigned in 2011 over a sex assault scandal.

Quark.Models.Entities.Ancestor?.Title?.ToUpperInvariant() Labor unions visit parliament for minimum wage talks

Labor unions visit parliament for minimum wage talks
LATEST NEWS

  1. Labor unions visit parliament for minimum wage talks

    Labor unions visit parliament for minimum wage talks

  2. MHP announces resignations of three MPs

    MHP announces resignations of three MPs

  3. Treasury raises $2.5 billion via lease certificate issuance

    Treasury raises $2.5 billion via lease certificate issuance

  4. Plan to renationalize UK railways gets green light

    Plan to renationalize UK railways gets green light

  5. ICC issues arrest warrants for Israeli Premier Netanyahu, Gallant, Deif

    ICC issues arrest warrants for Israeli Premier Netanyahu, Gallant, Deif
Recommended
Treasury raises $2.5 billion via lease certificate issuance

Treasury raises $2.5 billion via lease certificate issuance
Plan to renationalize UK railways gets green light

Plan to renationalize UK railways gets green light
Central Bank once again keeps interest rate on hold at 50 pct

Central Bank once again keeps interest rate on hold at 50 pct
Turkish households solely powered by wind and solar

Turkish households solely powered by wind and solar
Consumer confidence weakens in November, shows TÜİK data

Consumer confidence weakens in November, shows TÜİK data
Number of EVs on Türkiye’s roads exceeds 150,000

Number of EVs on Türkiye’s roads exceeds 150,000
Indian billionaire Gautam Adani charged with fraud

Indian billionaire Gautam Adani charged with fraud
WORLD ICC issues arrest warrants for Israeli Premier Netanyahu, Gallant, Deif

ICC issues arrest warrants for Israeli Premier Netanyahu, Gallant, Deif

In a landmark move, the International Criminal Court on Thursday announced it had issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu and former Defense Minister Yoav Gallant over war crimes it accuses them of carrying out in Palestinian territories, including Gaza.

ECONOMY Treasury raises $2.5 billion via lease certificate issuance

Treasury raises $2.5 billion via lease certificate issuance

The Treasury and Finance Ministry has issued lease certificates in the international capital markets with a size of $2.5 billion and a maturity of 5.5 years.
SPORTS Türkiye heads to Nations League playoffs after Montenegro loss

Türkiye heads to Nations League playoffs after Montenegro loss

Türkiye spurned the opportunity to finish atop its group in the UEFA Nations League and qualify for League A directly with a 3-1 loss at Montenegro on Nov. 19 night.