Article

2016-12-20 Europe

Lagarde, IMF Chief Found Guilty of Negligence

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Posted by Steve White 2016-12-20 00:00|| || Front Page|| [5 views ] Top

#1 A conviction doesn't mean shit if there's no jail time or a huge fine. She skated, pure and simple.

Posted by Raj 2016-12-20 00:55|| 2016-12-20 00:55|| Front Page Top

#2 What, no French Guiana?

Posted by no mo uro 2016-12-20 05:20|| 2016-12-20 05:20|| Front Page Top

#3 From 1993 to 2008 there was a long legal battle between Tapie and the Crédit Lyonnais bank (partly state-owned bank). Crédit Lyonnais had

From 1993 to 2008 there was a long legal battle between Tapie and the Crédit Lyonnais bank (partly state-owned bank). Crédit Lyonnais had allegedly defrauded Tapie in 1993 and 1994 when it sold Adidas on his behalf to Robert Louis-Dreyfus, apparently by arranging a larger sale with Dreyfus without Tapie's knowledge.

In 2008 a special judicial panel ruled that Tapie should receive compensation of €404 million from the French Ministry of Finance, headed by Christine Lagarde. She decided not to challenge the ruling. On December 3, 2015 court ruled that Tapie should return this compensation with interest, following investigation into alleged abuse of power by Ms. Lagarde.[3] On December 19, 2016 Lagarde was convicted of negligence; however, the conviction was not deemed a criminal record.

A 23 years "saga", so far.

Posted by Willy 2016-12-20 11:37|| 2016-12-20 11:37|| Front Page Top

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