IMF chief to stand trial for $440 mn govt payout
International Monetary Fund chief Christine Lagarde will stand trial for alleged negligence that resulted in $440 million government payout to a businessman after France’s highest appeals court rejected her appeal. Lagarde is accused of improperly approving the payout in 2008 as France’s Economy Minister. If convicted, she may face up to a year in prison and a fine of $16,850.