Speculation: Lagarde Is Out and India’s Rajan Is In

by Daily Bell Staff
The Daily Bell

The head of the United Nations’ International Monetary Fund, Christine Lagarde, is facing charges in France for embezzlement. If found guilty, she could go to prison for ten years. – RebelMedia

This has been little-reported despite its significance: The head of the IMF is going on trial over a £315million payment to businessman Bernard Tapie in 2008.

According to an insightful commenter who wrote to us last night, the Lagarde trial is perhaps only part of a larger realignment due to take place over the next months.

Before her IMF appointment and in another role, Christine Lagarde provided Tapie with a gigantic check in compensation for claims that Credit Lyonnais had defrauded him over the sale of sportswear company Adidas. On 17 December 2015, she was ordered to stand trial for alleged negligence regarding the Tapie arbitration approval.

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