French court finds IMF chief Lagarde guilty of negligence over massive payout to tycoon

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France’s Court of Justice of the Republic (CJR) on Monday found International Monetary Fund (IMF) chief Christine Lagarde guilty of negligence when she was the country’s economy and finance minister for not challenging a special private arbitration award in 2008 of 403 million euros paid out of public funds to controversial French tycoon Bernard Tapie.

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