Christine Lagarde: IMF boss to remain despite negligence over state payout to businessman

International Monetary Fund (IMF) chief Christine Lagarde has been found guilty of negligence for failing to challenge a 400 million euro ($575 million) state arbitration payout to a business tycoon in 2008 when she was French finance minister.

Lagarde - ABCDespite the ruling, the judges imposed no punishment, citing her preoccupation at the time with the global financial crisis.

She had denied the…

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