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IMF Chief Convicted, But Spared Jail Time, for Corruption

“This should help calm all that they’re-only-in-it-for-themselves, anti-establishment feeling out there,” quipped Globe and Mail senior international correspondent Mark MacKinnon

By Lauren McCauley, staff writer for Common Dreams. Published 12-19-2016

Christine Lagarde in meeting with Iranian President, Hassan Rouhani. Photo:: resident.ir [CC BY 4.0], via Wikimedia Commons

Christine Lagarde, head of the International Monetary Fund (IMF), on Monday was found guilty of “negligence” for approving a massive government payout to business tycoon Bernard Tapie during her tenure as French finance minister.

“This should help calm all that they’re-only-in-it-for-themselves, anti-establishment feeling out there,” quipped Globe and Mail senior international correspondent Mark MacKinnon in response to the latest charge of government corruption.

Though Judge Martine Ract Madoux did not hand down a sentence for the managing director, the court said Largarde “should have done more” to prevent the €405m ($422m) payout, Bloomberg reportsContinue reading

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