imf leader: After a week-long trial, France's Court of Justice of the Republic found Lagarde guilty of one count of negligence but spared her jail time and a criminal record, according to Nine News Australia. The 60-year-old IMF leader had potentially faced a year of imprisonment and a fine for not seeking to block a fraudulent 2008 arbitration award to a politically connected tycoon when she was finance minister. The IMF's executive board said it had full confidence in Lagarde's ability to carry out her duties at the head of the Washington-based international lending agency. Lagarde thanked the board for the vote of confidence in my ability to do my job. I am not satisfied with it, but there's a point in time when one must stop, turn the page and move on, she said. She said she would not appeal the French court's decision.
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