Court of Justice of the Republic

Former French PM Balladur on trial over illegal funding scam

France— Link

Former French prime minister Édouard Balladur, 91, is to stand trial on Tuesday on charges he funded his 1995 presidential campaign with secret kickbacks from French arms sales abroad, as part of a scandal that has been dubbed 'the Karachi affair'.  

French court finds IMF chief Lagarde guilty of negligence over massive payout to tycoon

France

Following a week-long trial, International Monetary Fund (IMF) chief Christine Lagarde has been found guilty of negligence when French economy and finance minister for allowing an award of more than 400 million euros from public funds to controversial tycoon Bernard Tapie. But the Court of Justice of the Republic, a special French court dedicated to judging the misdeeds of ministers, decided to exempt her from any sentence. The IMF announced late Monday that it had "full confidence" in Lagarde. Michel Deléan reports.