Keyword: Crédit Lyonnais

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

By
Christine Lagarde in court at the start of her trial on December 12th. © Reuters Christine Lagarde in court at the start of her trial on December 12th. © Reuters

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.

French tycoon loses appeal against striking down of 404m euro award

Appeal court throws out Bernard Tapie's attempt to reverse quashing of a 404-million-euro award to him in dispute with Crédit Lyonnais bank.

Disgraced French tycoon Bernard Tapie to sue state for 1bln euros

The former owner of Adidas claims new evidence shows state-owned bank Crédit Lyonnais actively devalued his shares it was mandated to sell.

French judges to question IMF chief Lagarde in May over suspected 'misappropriation of public funds'

By
 © Reuters © Reuters

International Monetary Fund chief Christine Lagarde (pictured) is to be questioned next month by French judges investigating a case of 'misappropriation of public funds' and 'aiding and abetting falsification' concerning an award from public funds of 403 million euros paid to controversial French tycoon Bernard Tapie when Lagarde was French finance minister, Mediapart can reveal. According to well-informed sources contacted by Mediapart she wil be interrogated on May 23rd, when Lagarde faces being formally placed under investigation - a status one step short of being charged – by the magistrates from the Court of Justice of the Republic, a special French court which is designated to investigate suspected malpractice by government members in the course of their duties. Laurent Mauduit reports.

French court to investigate IMF chief Lagarde over 'misappropriation of public funds'

By
 © Reuters © Reuters

A French court is to investigate newly-appointed International Monetary Fund chief Christine Lagarde (photo) for suspected 'aiding and abetting falsification' and 'misappropriation of public funds' in her handling of a huge compensation payout awarded to controversial French businessman Bernard Tapie while she was finance minister. Michel Deléan reports.

The sting in the tale of Tapie and the Crédit Lyonnais payout

By
 © Mediapart © Mediapart

The controversy over the 403 million euros of public funds awarded in 2008 to French businessman Bernard Tapie in his dispute with French bank Crédit Lyonnais returned to the fore this month, lighting a fuse to a series of scandals-within-the-scandal. Laurent Mauduit reports.