IMF chief Christine Lagarde to stand trial over payout to tycoon

Lagarde is accused of negligence for allowing an extremely rare out-of-court arbitration process that gifted Bernard Tapie with more than 400 million euros.

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France's highest appeals court ruled on Friday that International Monetary Fund chief Christine Lagarde must stand trial for her role in a 400- million-euro ($440 million) state payout in 2008 to businessman Bernard Tapie, reports Reuters.