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World

IMF chief Lagarde set for trial

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World

IMF chief Lagarde set for trial

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COMING UP:IMF chief Lagarde set for trial

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00:00:00
>> IMF chief Christine Lagarde, falling foul of French courts. Its highest appeals court ruling the head of the International Monetary Fund should stand trial. The charge negligence. Reuters Chine Labbé, who's been following the case in Paris says it dates back to when Lagarde served in the French government.
00:00:19
>> Back in 2008 Christine Lagarde was Finance Minister. And basically what judges are accusing her of is that by choosing that, this case should be settled in an arbitration case. She led to the misuse of public funds.>> The case in question, a 400 million Euro state payout to businessman Bernard Tapie.
00:00:43
But Lagarde's legal team maintained her innocence, and so far it's done little to impact her job as IMF chief. The organization saying they continue to have confidence in her. Just back in January, Lagarde was appointed to a new five year term.>> The IMF has renewed it's confidence in Christine Lagarde.
00:01:02
So, that hasn't changed. If you look at that, it seems it won't really hurt her image at the situation.>> But, her upcoming case will be heard in a special court that tries ministers for crimes in office. With international media also likely to take a special interest, that spotlight may make it harder for Lagarde to emerge unscathed.