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IMF’s Lagarde on trial over French payout to tycoon

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International Monetary Fund chief Christine Lagarde went on trial in Paris on Monday over her role in a 400 million euro ($424 million) payout of French taxpayer money to businessman Bernard Tapie in 2008. Lagarde, 60, was France’s finance minister in the government of then-president Nicolas Sarkozy when she approved an out-of-court settlement with Tapie ...

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