trending Market Intelligence /marketintelligence/en/news-insights/trending/AazCjQLdPgV2KBCCwIgS-w2 content esgSubNav
In This List

IMF head Lagarde found guilty of negligence, won't face punishment

Blog

Over 150 state-level energy-related measures enacted during Q2'21

Blog

Insight Weekly: Earnings learnings; Duke Energy hits back; PE activity surges

Blog

Banking Essentials Newsletter: July Edition - Part 3

Blog

Can private clouds ever really compete with the public cloud?


IMF head Lagarde found guilty of negligence, won't face punishment

International Monetary Fund head Christine Lagarde has been convicted of negligence, but will not face a fine or jail sentence, Bloomberg News reported Dec. 19.

The former French finance minister was found guilty over one count of negligence regarding a huge state payout to businessman Bernard Tapie during her time in office.

The case revolves around a €400 million arbitration agreement in favor of Tapie regarding a long-running dispute over the sale of a stake in a company. The judges ruled that Lagarde should have done more to overturn the award, which has subsequently been cut to zero.