IMF Managing Director to stand before court on December 12

18:26, 12 December 2016

Christine Lagarde, the Managing Director of the International Monetary Fund, is facing a trial today.

The IMF Director is charged with leading to misuse of public funds over payout to Bernard Tapie. Lagarde compensated more than 400 million euro to a French businessmen Bernard Tapie being an Economy Minister of France in 2008. Lagarde plead not guilty.

The IMF Executive Board also supports their Director. The court hearing will go up until December 20.

Christine Lagarde could face up to a year in jail and a fine of €15,000 if convicted.