IMF chief Lagarde asked to stand trial in France over Tapie case

French judges ordered that International Monetary Fund managing director Christine Lagarde stand trial over accusations of alleged negligence in the payout of €400m (290m pounds) to businessman Bernard Tapie while she was the country´s finance minister, according to reports.

Tapie was awarded compensation from the French government in 2008 after hiving off his stake in sports wear maker Adidas in 1993 to Credit Lyonnaism claiming he was misled after the lender subsequently sold the same stake at a much higher price.

In Early December, he attempted to claim another billion euros. A French court instead called on him to return the original compensation.

The decision against Lagarde came despite a recommendation from the public prosecutor for no charges to be filed against her.

She can still appeal Tuesday´s decision.