Newspaper article The Canadian Press

National Audio 3:05 AM ET

Newspaper article The Canadian Press

National Audio 3:05 AM ET

Article excerpt

National Audio 3:05 AM ET

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NAT021 - (France-IMF-Lagarde) WASHINGTON. x-11s. Christine Lagarde can remain head of the International Monetary Fund despite her conviction of negligence in a case dating to her tenure as France's finance minister. After a weeklong trial, France's Court of Justice of the Republic found Lagarde guilty yesterday of one count of negligence, but spared her jail time and a criminal record. Lagarde says she is grateful to the I-M-F's executive board for voting to keep her as head of the international lending agency. ("..of the I-M-F.") (SOURCE:The Associated Press)

TAG: Lagarde had potentially faced a year of imprisonment and a fine for not seeking to block a fraudulent 2008 arbitration award to a politically connected tycoon when she was finance minister. …

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