Christine Lagarde can land you in jail.
The head of the International monetary Fund (IMF) Christine Lagarde will appear before the court on charges of negligence that led to misuse of public funds.
According to The Guardian, the head of the IMF accused of promoting unjustified payments from the state budget 400 million euros to businessman Bernard Tapie in her tenure as Finance Minister of France (2007 to 2011).
In the early 90-ies of the last century, Bernard Tapie demanded compensation from the state after the sale of his Adidas shares of the Bank Credit Lyonnais. The businessman claimed that the Bank, owned by the state, he was deceived. TAPI motivated their demands so that the financial institution, he said, sold their share much more.
The dispute between Tapie and Credit Lyonnais was controlled by the Ministry of Finance of France. In 2008, the businessman through the court of arbitration have been paid from the state budget.
It is reported that the trial began on 12 December and runs until the 20th. If the blame Lagarde will prove, to it threatens imprisonment up to one year and a fine of 15,000 euros.
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