Lagarde, managing director of the IMF, will be judged in France – Nación.com.py

Paris, France | AFP | by Philippe RATER.

The general director of the International Monetary Fund (IMF), France’s Christine Lagarde, suspected of negligence in arbitration when he was economy minister will be judged in France, after losing a resource in a Court of Cassation.

justice accuses Christine Lagarde of negligence in 2008, when he was minister in the arbitration that gave the businessman Bernard Tapie the sum of 404 million euros.

Lagarde will be judged by the Court of Justice of the Republic (CJR), which analyzes crimes committed by government officials in the exercise of their functions.

Lagarde, who has always maintained that he acted in good faith, faces a maximum penalty of one year imprisonment and a fine of 15,000 euros.

in a statement to AFP, his lawyer, Patrick Maisonneuve, he regretted the decision but said the court he did not rule on the merits.

Lagarde had been charged in 2013 for dereliction Tapie case, who accused the semi-public bank Credit Lyonnais have underestimated the value of the brand of clothing and sports equipment Adidas when the employer got rid of it.

currently, there are strong suspicions about the process of arbitration. The judges, who believe it could be a “sham” organized to favor the employer.

In terms of civil, arbitration was annulled by the Court of Appeal of Paris for fraud.

Meanwhile, the International Monetary Fund (IMF) said it maintains its “confidence” Lagarde, but the start of the process is anyway an embarrassment to her.

the Council Management of the IMF, representing the 189 members of the financial institution, “remains confident in the ability of the managing director effectively maintain their functions,” said Friday the spokesman Gerry Rice.

Rice said “not be appropriate” that the IMF provide comments on the case itself.

the IMF managing director says he always acted preserving “the state interest” and “respect the law”.

“I always acted in good faith,” said Lagarde in an interview with AFP in early July.

However, the process has not damaged the popularity of the former minister in France, which always sounds like a possible presidential letter, although she has ruled out the option.

“I think I’m better made for what I’m doing now that the political world, with actors such as they are now, “he said.

with the confirmation of the court of Cassation, Largarde adds to the list of managing directors of the IMF faced trials.

Before her, compatriot Dominique Strauss-Kahn, who had to resign, was finally cleared of pimping charges in 2015, after a series of sex scandals that ended his political career.

the Spanish Rodrigo Rato also it has been accused in several cases for misappropriation when he led the financial institution Bankia, rescued with public funds

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