IMF Chief in Court over €400m Payout to French Tycoon

Christine Lagarde, the head of the International Monetary Fund, has gone on trial on charge of negligence over a €400m payment made to a French tycoon while she was the country’s finance minister.

According to a report by IFP, Lagarde approved the payment from public funds to the businessman Bernard Tapie, who was a friend of the then president, Nicolas Sarkozy.

Prosecutors say this “negligence by a person in a position of public authority” constituted a misuse of public funds, according to a report covered by Al Alam in Farsi.

IFP Editorial Staff

The IFP Editorial Staff is composed of dozens of skilled journalists, news-writers, and analysts whose works are edited and published by experienced editors specialized in Iran News. The editor of each IFP Service is responsible for the report published by the Iran Front Page (IFP) news website, and can be contacted through the ways mentioned in the "IFP Editorial Staff" section.

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