IMF head Christine Lagarde convicted in French negligence trial

Section:

By Gaspard Sebag
Bloomberg News
Monday, December 19, 2016

Christine Lagarde today was convicted of negligence by a Paris court over her handling of a multimillion-euro dispute during her time as France's finance minister nearly a decade ago, raising questions about her role as head of the International Monetary Fund.

The 60-year-old managing director of the IMF won't face a fine or prison term, Judge Martine Ract-Madoux said. The judges on the Cour de Justice de la Republique, which specializes in ministerial misconduct, said that Lagarde should have done more to overturn a 285 million-euro ($300 million) payout to a businessman in an arbitration case.

The trial has been an ongoing distraction to Lagarde’s duties at the IMF, which was on the front lines of the effort to combat the global financial crisis and provides billions of dollars in loans to countries at risk of default. The Washington-based institution said after the ruling that it would meet shortly to consider the verdict. ...

... For the remainder of the report:

https://www.bloomberg.com/news/articles/2016-12-19/imf-head-lagarde-conv...



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Market Analyst Fabrice Taylor Expects K92 Shares to Rise
as Company Commences Gold Production and Gains Cash Flow

Interviewed on Business News Network in Canada, market analyst and financial letter writer Fabrice Taylor said shares of K92 Mining (TSXV:KNT) are likely to rise, even amid declining gold prices, because the company has begun producing gold at its mine in Papua New Guinea:

http://www.bnn.ca/video/fabrice-taylor-discusses-k92-mining~1008356

Taylor cited the company's announcement here:

http://www.k92mining.com/2016/11/6114/



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