A French court has ordered IMF boss Christine Lagarde to face trial over the part she played in the Tapie Affair, regarding a €400m (£291m, $433m) transfer to French business tycoon and entrepreneur Bernard Tapie.In September, France's main prosecutor recommended magistrates at the Cour de Justice de la Republique, which deals with crime allegations against government officials, drop the investigation. The magistrates were probing Lagarde's alleged negligence in regards to the affair when she was finance minister of the country.Why advertise with usIn 2008, when Lagarde served under Nicolas Sarkozy's government, she approved a three member arbitration panel that awarded the payment from the taxpayers' pockets. Lagarde and Sarkozy have both been under fire since then for approving the panel.The payment followed Tapie's accusation that French bank Credit Lyonnais defrauded him when it handled the businessman's sale of his majority stake in German sports retailer Adidas in 1993. Tapie alleged the bank of deliberately undervaluing the company after it sold the stake for a higher sum.
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