Lagarde Appeals Trial Order Over Tapie Compensation Payout

IMF chief Christine Lagarde announced on Thursday that she intends to appeal a decision by a French court to bring her to trial. The case revolves around her role in a compensation payout of 400 million euros to businessman Bernard Tapie.

Lagarde maintains that she acted with the best interest of the French state and complied fully with the law, according to a statement from the IMF chief.

She shares the prosecutors' view that there is no basis for any charges against her. Lagarde will inform the board of the IMF about this development without elaborating further.