She is accused of negligence in the management of public finances

Ira Kralj
http://www.telegram.hr/autor/ira/

Today, the French Cour de Justice de la Republique, a special tribunal established for the processing of state officials, trial Christine Lagarde, director of the International Monetary Fund and former Minister finanacija in the government of Nicolas Sarkozy.

The subject of the trial is a dispute arising from the Tapie affair from the time when he was Finance Minister Lagarde. Bloomberg writes that Lagarde rejects guilty to charges that she had been charged. Here are a few important things about the case.
1. What is it all about?

Against Lagarde was indicted for his role in the decision to pay compensation for corrupt tycoon Bernard Tapieu. French businessman and politician, he was a major shareholder in Adidas, and sold its stake in 1993, when he entered the cabinet of the government of Francois Mitterrand. Tapie accused the bank Credit Lyonnais, which was then owned by the state, because of the implementation of the sale of its stake in Adidas.

IMF's Lagarde on trial over payout to French tycoon https://t.co/qWM5ehu5ig

- Reuters Top News (@Reuters) December 12, 2016

He argued that the bank damaged during the sale of shares by deliberately reducing the value of the company. This led to the arbitration, which Lagarde did not try to block, and the decision to pay 403 million euros in damages, which Lagarde did not attempt to refute. Although the appeals court stopped payment because it was suspected of partiality of one of the three judges against Lagarde is still charged.

2. What is written in the indictment?

Basically, the indictment alleges that Lagarde has not done enough to stop the payment of compensation Tapieju. At the expense of putting extreme negligence in managing public funds. It is quite rare charges in cases where there is no evidence that the accused deliberately engaged in activities aimed to deceive the state.

According to the items listed in the indictment, Lagarde made a mistake two things. First, in October 2007, approved the initiation of arbitration proceedings even though the French National Investment Agency (Agence des Participations de l'Etat), several times advised not to do so. Secondly, Lagarde has withdrawn from contesting the decision made by the arbitration, although he knew that there is an avenue for appeal.
3. What is punishable?

For negligence in the management of public finances is punishable by imprisonment of up to one year and a maximum financial penalty in the amount of 15 thousand euros. However, most lawyers consider the possibility of determining the sentence in this case is very small.

Lagarde can appeal the verdict, and if it decides the case will be the responsibility of the French supreme court, the Cour de Cassation.
5. Who will testify?

According to the schedule, tomorrow the judges will examine the accused Lagarde. Besides Lagarde, will testify in court yet and CEO telekomunkacijske company Orange Stephane Richard, who at the time when he was Finance Minister Lagarde served as chief of staff in the ministry. In addition to Richard, will testify to its predecessor in the ministerial position, Jean-Louis and Claude Gueant Barloo, chief of staff to former President Sarzkozyja.
6. Who are the judges?

The Judges panel consists of 15 members, three judges and 12 representatives of the legislative power. Trial Chamber consisting of three members will be chaired by Martine RACT Madoux, the other two judges were Straehl Gilles and Nicole Burke.

The tribunal will participate in addition to judges and six members of Parliament: Marie-Francois Bechtel, Jean-Yves Caullet, Philippe Houillon, Nathalie Nieson, Raimbourg Dominique and Jean-Luc Warsmann and six members of the Senate: Francois-Noel Buffet, Yves Detraigne, Josette Durrieu, Barizo Khiar, Francois Pillet and Bernard Saugey.
7. Who is in her defense team?

Lagarde will defend Patrick Maisonneuve, a French lawyer who is the tribunal met quite well in 1999, defending the health minister Hervé Edmodo. The huge political scandal broke out after the doctor and journalist Anne-Marie Casteret published an article in which he demonstrated that the French Institute for transfusion in the period from 1984 to 1985. knowingly distributed blood of hemophiliacs infected with HIV.

Health Minister Hervé, together with Prime Minister Laurent Fabius and Social Welfare Minister Georgina Dufoix charged with murder. Herve was found guilty or not it determined no penalty. Maisonneuve, in addition to the Minister defended and some important figures, including the late President Omar Bongo of Gabon, tennis player Rafael Nadal in the dispute because of the doping scandals and the Church of Scientology. With Maisonneuvea, the defense team were Bernard Grelon and Gregoire Bertrou.

Source:
http://www.telegram.hr/politika-kriminal/danas-je-pocelo-sudenje-sefici-mmf-a-christine-lagarde-zbog-afere-tapie-izvukli-smo-nekoliko-najvaznijih-stvari/

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Statement "she mismanaged" is a joke.
She was awarded then for that and afterwords, so she become the head of IMF.

IZAKOVIC