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IMF chief guilty in French case; no punishment

In this Monday, Dec.12, 2016 file picture, International

In this Monday, Dec.12, 2016 file picture, International Monetary Fund chief Christine Lagarde smiles as she arrives at the special Paris court, France. Credit: AP

PARIS - A special French court has declared International Monetary Fund chief Christine Lagarde guilty of criminal negligence in a long-running arbitration case.

But the court decided not to punish her or give her a criminal record.

The Court of Justice of the Republic ruled that her negligence while servicing as finance minister allowed for the misappropriation of funds by other people. The others, in a separate case, haven't yet been tried.

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