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French Court Orders Lagarde to Appear in Tapie Case - The.

French Court Orders Lagarde to Appear in Tapie Case.PARIS — A French court has ordered Christine Lagarde, the managing director of the International Monetary Fund, to appear at a hearing next month connected to an investigation of her handling of a financial scandal when she was the French finance minister. On Thursday, Ms. Paris - A French court has ordered Christine Lagarde, the head of the International Monetary Fund IMF, to face trial over her role in a payout of some 400 million euros $434 million to businessman Bernard Tapie, her lawyer said on Thursday.

Jul 22, 2016 · French court rules IMF's Lagarde must stand trial in Tapie case.Lagarde is accused of negligence by improperly signing off on the decision to allow an extremely rare out-of-court arbitration in a dispute between Tapie, a supporter of conservative former president Nicolas Sarkozy, and the state. Dec 17, 2015 · Christine Lagarde, the head of the International Monetary Fund, has been ordered to appear in court over her alleged involvement in a long-running French fraud case.Tapie, a Sarkozy supporter, sued the French state in 1993 after selling a stake in sports company Adidas to French bank Credit Lyonnais. The bank was owned by the state at the time. French court orders IMF chief Lagarde to face trial over 'Tapie affair' A statement from Lagarde said that she plans to fight the trial order. France’s main prosecutor recommended in September that. The International Monetary Fund IMF chief Christine Lagarde has been ordered to stand trial in France for her role in the Bernard Tapie case.

May 23, 2013 · Lagarde to Appear in French Court.At issue is Ms. Lagarde’s involvement in the adjudication of a long-running dispute in which Bernard Tapie, a colorful and controversial businessman-politician with ties to the former president, Nicolas Sarkozy, had accused Crédit Lyonnais, a state-owned bank, of defrauding him and looked for compensation in. Dec 17, 2015 · IMF head Lagarde to face French trial over Tapie affair.Tapie, a former French football team owner and pop star, was awarded the money in a case against the French public bank Crédit Lyonnais, which he accused of undervaluing his stake in Adidas. Lagarde, at the time Sarkozy’s finance minister, referred the long-running case to arbitration and signed off the payout.

French court orders probe of IMF chief.Ms Lagarde was France's finance minister when magnate Bernard Tapie won a 2008 settlement with a French state-owned bank over the mishandled sale of sportswear maker Adidas in the 1990s. Critics viewed the settlement as an overly generous chunk of taxpayer money handed to a brash businessman. Jul 01, 2016 · A French prosecutor on Friday said IMF chief Christine Lagarde should stand trial for her handling of a massive state payout to tycoon Bernard Tapie in. Christine Lagarde, the head of the International Monetary Fund IMF, will appeal a French court order to face trial over her role in a payment made to businessman Bernard Tapie in 2008. Lagarde was French minister of finance in 2007, when a private arbitration tribunal agreed to award €403 million to Tapie to settle a long-running dispute. Apr 18, 2013 · IMF chief Christine Lagarde is summoned to appear in court in May over an inquiry into alleged abuse of authority when finance minister. Jul 01, 2016 · A French prosecutor on Friday said IMF chief Christine Lagarde should stand trial for her handling of a massive state payout to tycoon Bernard Tapie in 2008 when she was France's finance minister. The prosecutor recommended the rejection of a challenge by Lagarde to a December court order.

French IMF chief to stand trial in Tapie affair.

IMF head was French finance minister in 2008 when billionaire was given $425M payout.It ruled that Lagarde's negligence in her management of a long-running arbitration case involving tycoon Bernard Tapie helped open the door for the fraudulent misappropriation of public funds. Lagarde herself was not accused of fraud. Dec 12, 2016 · Christine Lagarde in court over €400m payout to French tycoon.In Lagarde’s defence it noted that certain elements in the case had preceded her appointment to the finance ministry, and that she had no “personal relation” with the key figure in the case, namely Tapie. Jul 22, 2016 · NEWS BRIEF The Cour de Cassation, France’s highest court, has ruled that Christine Lagarde, the managing director of the IMF, must stand trial over her role in a. The International Monetary Fund IMF chief Christine Lagarde has been ordered to stand trial in France for her role in the Bernard Tapie case. A special French court issued the order on Thursday. French court orders probe of IMF chief Lagarde. The Tapie case was discussed prior to Lagarde's selection and "the Board is confident that she will be able to effectively carry out her duties.

Dec 19, 2016 · Lagarde’s Paris home was searched by police. However, that case is separate from Lagarde’s legal woes. Tapie was handed another charge of misappropriation of funds. However, in 2015, a court quashed the arbitration deal, and then ordered Tapie to pay the money back. Last June, the top French court ruled the arbitration was fraudulent. Lagarde, who was French finance minister at the time of the deal in favour of tycoon Bernard Tapie, is accused of negligence in the case. She has denied wrongdoing. A special court ruled in December that Lagarde should stand trial, but she appealed. France's Court of Cassation on Friday rejected the appeal. Dec 17, 2015 · A French court has ordered Christine Lagarde, the head of the International Monetary Fund IMF, to face trial over her role in a payout of some 400 million euros $434 million to businessman Bernard Tapie, her lawyer said on Thursday.

Jul 22, 2016 · Christine Lagarde to stand trial over Tapie corruption case.The French supreme court on Friday rejected a legal challenge from Ms Lagarde, head of the International Monetary Fund, ruling she should face a special tribunal for her decision to back an out-of-court settlement with Bernard Tapie, a supporter of then-President Nicolas Sarkozy. Jul 01, 2016 · IMF's Lagarde should face trial in Tapie case: French prosecutor. If the order is upheld, Lagarde, 60, will be tried in the Law Court of the Republic, which handles cases concerning offences.

Jul 22, 2016 · IMF chief Christine Lagarde was ordered Friday to stand trial in France over a massive state payout to a controversial tycoon when she was French economy minister, dealing a setback to her stellar career. Frances highest appeals court dismissed Lagarde. Apr 18, 2013 · IMF chief Christine Lagarde has been summoned to testify in a French court, her lawyer confirmed on Thursday. Lagarde will give evidence as part. Lagarde is due to appear in a special Paris court Monday when the trial opens in the case, which dates to her time as French finance minister in 2008. She contests the charges. The well-respected. PARIS Reuters - A French court ordered an investigation on Thursday into possible misconduct by IMF head Christine Lagarde when, as finance minister, she approved a settlement to a businessman friend of President Nicolas Sarkozy. The investigation will get underway at once into Lagarde's alleged.

The case goes back to when Tapie sued the state for compensation after selling his stake in sports company Adidas to Credit Lyonnais in 1993. French court orders IMF chief Lagarde to face. Lagarde is summoned to appear before a special court devoted to cases of ministerial misconduct on 23 May to answer accusations that she favoured Bernard Tapie in a financial dispute that resulted. French court rules IMF’s Lagarde must stand trial in Tapie case Updated. The court rejected her appeal against a judge’s order in December for her to stand trial at the Cour de Justice de.

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