Lagarde will be the third successive IMF chief to face trial. Spain’s former IMF chief Rodrigo Rato has also been ordered to stand trial for misusing funds when he was head of Spanish lender Bankia. Tapie walked away with a staggering €404 million ($445 million) in compensation in 2008 after Lagarde ordered the long-running row over the sale of sports gear giant Adidas to be resolved by arbitration. Friday’s ruling means the 60-year-old IMF chief will go before a special tribunal that hears cases against government ministers accused of wrongdoing in the discharge of their duties. The ruling is a blow to the IMF boss, who has long been touted as a potential future French president.

Source: The Local July 23, 2016 08:37 UTC