This article is from the source 'guardian' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at https://www.theguardian.com/world/2016/jul/22/christine-lagarde-to-stand-trial-tapie-affair-appeal-fails-imf-chief-nicolas-sarkozy
The article has changed 5 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| Christine Lagarde to stand trial over Tapie affair after appeal fails | Christine Lagarde to stand trial over Tapie affair after appeal fails |
| (35 minutes later) | |
| France’s highest appeals court has ruled that the head of the International Monetary Fund, Christine Lagarde, must stand trial for her role in a multimillion-euro government payment to a controversial tycoon who supported former president Nicolas Sarkozy. | |
| The court on Friday rejected Lagarde’s appeal against a judge’s order in December for her to stand trial at the Cour de Justice de la République, a special court that tries ministers for crimes in office. | |
| Bernard Tapie, a former French football team owner and pop star, was awarded more than €400m (£336m) in a case against the French public bank Crédit Lyonnais, which he accused of undervaluing his majority stake in Adidas. | Bernard Tapie, a former French football team owner and pop star, was awarded more than €400m (£336m) in a case against the French public bank Crédit Lyonnais, which he accused of undervaluing his majority stake in Adidas. |
| Lagarde, at the time Sarkozy’s finance minister, referred the long-running case to arbitration and signed off the payout. | Lagarde, at the time Sarkozy’s finance minister, referred the long-running case to arbitration and signed off the payout. |
| French detectives have been looking into whether Tapie was offered a deal in return for supporting Sarkozy in the 2007 presidential election and whether Lagarde was acting on orders of the Elysée Palace – namely Sarkozy – by referring the case to private arbitration. | French detectives have been looking into whether Tapie was offered a deal in return for supporting Sarkozy in the 2007 presidential election and whether Lagarde was acting on orders of the Elysée Palace – namely Sarkozy – by referring the case to private arbitration. |
| In ordering a trial, the Cour de Justice de la République went against a ministerial recommendation in September to drop the case. | In ordering a trial, the Cour de Justice de la République went against a ministerial recommendation in September to drop the case. |