A French court has found International Monetary Fund chief Christine Lagarde guilty of negligence but ruled that she will not be penalised. <br/><br/> As French Finance Minister in 2008, she approved an award of 429 million dollars to businessman Bernard Tapie for the disputed sale of a firm. <br/><br/> Ms Lagarde was not present in the court in Paris for the verdict, having left France for Washington. On Friday she told the trial she had always acted in good faith.<br/><br/>The International Monetary Fund board is expected to meet shortly to discuss the implications of the surprise guilty verdict against IMF chief Christine Lagarde today in a French court. <br/><br/>The Executive Board has met on previous occasions to consider developments related to the legal proceedings in France.<br/><br/>IMF spokesman Gerry Rice said in a statement it is expected that the Executive Board will meet shortly to consider the most recent developments. <br/><br/><br/>'<br/>'''<br/><br/>'''<br/>

A French court has found International Monetary Fund chief Christine Lagarde guilty of negligence but ruled that she will not be penalised. <br/><br/> As French Finance Minister in 2008, she approved an award of 429 million dollars to businessman Bernard Tapie for the disputed sale of a firm. <br/><br/> Ms Lagarde was not present in the court in Paris for the verdict, having left France for Washington. On Friday she told the trial she had always acted in good faith.<br/>'''<br/>