(FILES) This file photo taken on July 14, 2016 shows International Monetary Fund Managing Director Christine Lagarde speaking at the Center for Global Development in Washington, DC. / AFP / JIM WATSON
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IMF chief Christine Lagarde goes on trial in France Monday over a massive state payout to a flamboyant tycoon when she was finance minister in a case that risks tarnishing her stellar career.It also threatens the credibility of the International Monetary Fund, as Lagarde is the third IMF chief to face trial.Lagarde's lawyer Patrick Maisonneuve on Monday dismissed speculation about what the IMF would do if she lost the case.The bank sold it again the year after at 701 million euros, leading Tapie to claim he had been cheated.Tapie is among six people charged in a separate fraud case related to the payout, including the head of telecoms company Orange, Stephane Richard, a former aide to Lagarde.Lagarde herself will be judged by a panel of three judges and 12 lawmakers selected from France's upper and lower houses of parliament.
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