A French court Monday found Christine Lagarde, head of the International Monetary Fund, guilty of negligence during her time as the country’s finance minister, but the fund’s board expressed full confidence in her.
The court imposed no penalty on Ms. Lagarde, who had pleaded not guilty over allegations of negligence stemming from her role in settling a long-running legal battle between the French state and business tycoon Bernard Tapie. She wasn’t in court for the ruling, but her lawyers said they were taken aback after the prosecutor in the case last week argued against a guilty verdict.
Source: Wall Street Journal [wsj.com]