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No jail time for IMF’s Christine Lagarde

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Christine Lagarde (AFP)
Christine Lagarde (AFP)

London - International Monetary Fund chief Christine Lagarde was convicted of negligence by a Paris court over her handling of a multi-million euro dispute during her time as France’s finance minister nearly a decade ago.

The judges on the Cour de Justice de la Republique said that Lagarde should have done more to overturn a €285m ($297m) payout to a businessman in an arbitration case. The 60-year-old managing director of the IMF won’t face a fine or prison term, Judge Martine Ract-Madoux said Monday.

Read: IMF's Lagarde guilty of negligence

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