IMF chief guilty in French case; no punishment
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
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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