PARIS, Dec. 19 (UPI) -- International Monetary Fund chief Christine Lagarde escaped jail time but was found guilty of negligence in a misuse of funds case, a Paris judge ruled Monday.
A guilty verdict could have forced Lagarde, 60, to leave her post as the IMF's managing director. The verdict by the Court of Justice of the Republic, a court which exclusively tries cases pertinent to French politics and government, leaves her without punishment or a criminal record. She could have received a $13,000 fine and a one-year prison sentence.