The French Court of Cassation (its highest judicial body) Attorney General Jean-Louis Nadal earlier ordered the Tapie dossier made public, including allegations indicating Lagarde circumvented the law -- to benefit Tapie illegally, overriding an appeals court ruling against him.
A French judicial commission ordered Lagarde to stand trial. She's charged with negligence in the long-running so-called L'Affaire Tapie. He was ordered to repay his windfall.
Observers called France's Cour de Justice de la Republique judicial commission ruling last Thursday a surprise. In September, prosecutors recommended things be dropped.
Her legal team issued a statement, saying "Ms. Lagarde would like to reaffirm that she acted in the best interest of the French State and in full compliance with the law."
She's appealing the ruling against her. Things could drag on for many months before concluding.
IMF communications director Gerry Rice issued a statement, saying "(t)he Executive Board continues to express its confidence in the Managing Director's ability to effectively carry out her duties."
He stopped short of explaining her mandate is benefitting powerful monied interests at the expense of everyone else.
Expect no interruption in business as usual at the agency she heads -- with full US support.
Stephen Lendman lives in Chicago. He can be reached at lendmanstephen@sbcglobal.net.
His new book as editor and contributor is titled "Flashpoint in Ukraine: US Drive for Hegemony Risks WW III."
Visit his blog site at sjlendman.blogspot.com.
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