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IMF chief expected to stand trial over fraud case

Christine Lagarde is accused of intervening in a court battle between French tycoon Bernard Tapie & credit Lyonnais bank in 2007.

FILE: International Monetary Funds managing director, Christine Lagarde. Picture: Facebook.

JOHANNESBURG – International Monetary Fund (IMF) Chief Christine Lagarde is expected to stand for trial over her handling of a long-standing fraud case.

Lagarde will appear before a French court this week.

She is accused of intervening in a court battle between French tycoon Bernard Tapie and credit Lyonnais bank in 2007.

The businessman claims he was defrauded by the bank during a foiled transaction.

Largarde who did not financially benefit from the deal is being questioned on whether she gave him preferential treatment during the process.

At the time the IMF head was serving as finance minister under President Nicolas Sarkozy.

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