ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2023
  • Adani Saga
  • Markets
    • Stocks
    • Global Markets
    • IPO
    • Companies
    • Currency
    • Commodities
  • My Money
  • Calculators
    • Income Tax Calculator
    • Home Loan/EMI Calculator
    • Mutual Fund Returns Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • SIP calculator
    • Lumpsum Calculator
    • SWP Calculator
  • Videos
    • M Se Market
    • Jeb Zindagi Zaroorat
    • Light Camera Stocks
    • Tech Takes
    • Big Bulls Ka Nishana
    • Paisa Wasool
    • Commodity Ke MrityunjayMantra
    • The Right Property Show
  • Economy & Infra
    • Policy & Initiatives
    • Agriculture
    • Telecom
    • Aviation
    • Railways
    • Retail
    • Roadways
    • World Economy
  • Exclusive
    • Wealth Guide
    • Interviews
  • Auto
    • Cars
    • Bikes
    • Electric Vehicle
    • Commercial Vehicles
  • Tech
    • Mobiles
    • Gadgets
    • Reviews
    • Tips and Tricks
    • Apps
  • Real Estate
    • Home Buyers
    • Builders
  • Axis MF
  • Trending
    • Entertainment
    • Politics
    • Lifestyle
    • Travel
    • Sports
    • Viral
    • Education
    • Jobs
Read in App
Business News » World News

French prosecutor calls for IMF's Christine Lagarde to be acquitted

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
French prosecutor calls for IMF's Christine Lagarde to be acquitted
Managing Director of the International Monetary Fund Christine Lagarde is seen before the start of her trial about a state payout in 2008 to a French businessman, at the courts in Paris. Image Source: Reuters

The chief prosecutor in the negligence trial of IMF chief Christine Lagarde in Paris called for her acquittal on Thursday saying the hearing had failed to support the "very weak" accusation against her. 

Lagarde, 60, faces charges, which she denies, of being negligent when, as French finance minister, she approved in 2008 a payout to businessman Bernard Tapie in an out-of-court settlement which cost the French taxpayer 400 million euros ($425 million).

General Prosecutor Jean-Claude Marin, who had said after the conclusion of the investigation of Lagarde that the case should be dismissed, said, "No negligence sanctionable by law can be held against Madame Lagarde."

The special Republic`s Court of Justice, which judges cases involving government ministers and has proceeded with the case despite the prosecutor`s recommendation, is to hand down a verdict on Monday.

The charges allege that Lagarde showed negligence, leading to misuse of public funds, by accepting too easily the costly arbitration settlement with Tapie and not contesting it to the benefit of the state.

Lagarde, who has withstood aggressive questioning in court, said she had accepted the settlement in the best interests of the state and to draw a line under an affair that had dragged on for 15 years. She denied negligence.

ALSO READ: IMF chief Christine Lagarde on trial in France over tycoon case

The IMF managing director faces up to a year in jail and a fine of 15,000 euros if convicted. Such an outcome could raise questions about her ability to hold on to her job at the Washington-based International Monetary Fund
(IMF).

"These hearings have not sustained very weak accusations", Marin told the court, adding there had been a lot of "empty talk" which had not changed his opinion that the case should not have come to court.

Evidence on Wednesday by a former treasury official who was involved in the case at the time painted a picture of cronyism and string-pulling in Tapie`s links with the government under Nicolas Sarkozy`s presidency from 2007 to 2012.

"You have to make a decision on the very delicate limit between what is political and what is judicial," Marin said on Thursday, referring to a political undercurrent to the trial. 

ALSO READ: IMF's Christine Lagarde to stand trial over $400 million Tapie payout 

 

 

 

 

 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Christine LagardeEconomyIMFJean-Claude MarinacquittalBernard TapieNicolas Sarkozy
Written By: Reuters
Updated: Fri, Dec 16, 2016
09:02 am
Paris , Reuters
RELATED NEWS
IMF chief Christine Lagarde on trial in France over tycoon case IMF chief Christine Lagarde on trial in France over tycoon case
IMF's Christine Lagarde to stand trial over $400 million Tapie payout IMF's Christine Lagarde to stand trial over $400 million Tapie payout

LATEST NEWS

UPSC Civil Services Exam 2023: Registration begins, check eligibility criteria, direct link here

Budget reduces surcharge on HNIs, brings down India's highest income tax rate to 39 pc

Budget 2023: Rs 28,138 crore allocated to meet requirements for One Rank One Pension

ITC shares fall and then recover after government hikes cigarette taxes — do investors need to panic?

Union Budget: Download Budget 2023-24 PDF Document - Step-by-step guide

Delhi weather, temperature today forecast: Windy morning in national capital; Air quality in moderate category

US Fed hikes rates for first time in new year

Samsung Galaxy S23 Ultra Vs Galaxy S23 plus Vs Galaxy S23: Specification, Price comparison and other details

SC directs WhatsApp to give wide publicity to its 2021 undertaking to Centre on privacy policy

WhatsApp bans over 36 lakh malicious accounts in India in Dec

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2023. India Dot Com Private Limited. All Rights Reserved.
LIVE TV