VOICED : Directora de FMI declarada culpable por negligencia en Francia

VOICED : Directora de FMI declarada culpable por negligencia en Francia

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Interactive Video

Business, History, Social Studies

10th - 12th Grade

Hard

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Christine Lagarde, former director of the IMF, was found guilty of negligence in a case involving a large public fund misappropriation in France. Despite the verdict, she faces no penalty. The case dates back to the early 1990s when Credit Lyonnais bought Adidas from Bernard Tapie and later sold it for a significant profit, leading to a disputed arbitration. The civil court later annulled the arbitration decision, citing fraud. Lagarde, who could have faced jail time and a fine, took a leave from the IMF during the trial and was absent from the verdict reading due to professional commitments in Washington.

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