IMF chief on trial over $425 mn govt payout
International Monetary Fund chief Christine Lagarde has gone on trial in France for alleged negligence that resulted in a $425 million (around ₹2,800 crore) government payout to a businessman. 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 around  $15,900.