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French court delays Lagarde decision

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French court delays Lagarde decision

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A French court has delayed a decision on whether the new IMF chief Christine Lagarde will face a criminal probe into her handling of a tycoon’s lawsuit.

One of the judges pulled out of the deciding panel, causing a second delay until August 4.

Lagarde was France’s Finance Minister when businessman Bernard Tapie won what some think was an over-generous private settlement with a state-owned bank over the mishandled sale of sportswear maker Adidas.

Legal sources think an abuse of authority inquiry against Lagarde is likely to go ahead.

However any investigation would take months to reach a conclusion and may not lead to a trial.