IMF MD, Christine Lagarde, convicted of fraud in France
The Managing Director of the International Monetary Fund, Miss Christine Lagarde, was found guilty on Monday of criminal charges linked to the misuse of public funds during her time as France’s Finance minister.
The judges did not impose a fine or sentence on Lagarde, a move that may allow her to keep her IMF post. But the verdict is likely to add to the debate over the Fund’s role as international elites and their institutions face growing populist criticism.
New York Times reported that the board of the IMF was already weighing its options, adding that it could seek Lagarde’s resignation immediately, or she could volunteer to resign.