The specialized panel that will hear Lagarde’s case has previously found ministers guilty without having them actually serve time in prison. Political implicationsSince Sarkozy may run for president next year, “this has all sorts of interesting political connotations,” said Mesnooh, who isn’t involved in the Lagarde case. The IMF chief and treasury secretary Jacob J. Lew are in Chengdu this weekend attending a Group of 20 gathering. Paris/Washington: Christine Lagarde is likely to avoid jail time and keep her job as head of the International Monetary Fund after she was ordered to stand trial in France on charges that carry a potential prison term. No date has been set yet for the trial, which is expected to last about a week.

Source: Mint July 23, 2016 09:33 UTC