Monday 19 December 2016

Christine Lagarde . Is it A Crime

Is a 1985 hit for Sade, from her second album called promises.

Believe it or not, the IMF is now run by a person who is negligent. Is it A CRIME to be negligent? I don't know, but in my books, being incompetent is CRIMINAL, especially if the amount is more than RM1 billion

Bloomberg has the story. Read below :

The International Monetary Fund’s executive board reiterated its backing for Christine Lagarde, indicating it supports the lender’s managing director despite her conviction for negligence by a French court. She said she won’t appeal and will continue to run the IMF.

“The Executive Board reaffirms its full confidence in the Managing Director’s ability to continue to effectively carry out her duties,” according to an IMF statement sent via e-mail on Monday. “The Executive Board looks forward to continuing to work with the Managing Director to address the difficult challenges facing the global economy.”

Lagarde was convicted of negligence earlier Monday for failing to overturn a 285-million euro ($296 million) payout to a businessman in an arbitration case while she was France’s finance minister nearly a decade ago. The 60-year-old IMF chief won’t face a fine or prison term, according to the judges on the Cour de Justice de la Republique, which specializes in ministerial misconduct.