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IMF boss Lagarde to go on trial in France on December 12

IMF Managing Director Christine Lagarde will be tried for negligency by France's Court of Justice of the Republic -- a tribunal that hears cases against ministers accused of wrongdoing in the discharge of their dutiesIMF chief Christine Lagarde will go on trial in France on December 12 over a massive state payout to tycoon Bernard Tapie made when she was finance minister, the court hearing the case said Monday. Lagarde, 60, will be tried for negligence by the Court of Justice of the Republic — a tribunal that hears cases against ministers accused of wrongdoing in the discharge of their duties. The case stems from Lagarde’s handling of a dispute with Tapie, a colourful businessman and former minister, who claimed he was defrauded by a state bank in its sale of sportswear giant Adidas.

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