Investigated for negligence, Lagarde did not resign from the IMF
At the heart of this story, is whom Tapie an arbitral tribunal awarded compensation of 400 million euros, in 2008, at a time when his personal friend Nicolas Sarkozy was President and Lagarde held the Finance folder. On the former Minister, hangs the suspicion of favoring the entrepreneur and not to defend French interests, because it objected to a sentence that many considered scandalous. The compensation was required by Tapie who sold Adidas to Crédit Lyonnais, in the early 90, watching after the sports brand be resold by a much higher value.
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