Christine Lagarde, the head of the International Monetary Fund, has to go to trial on 12th December for a long-running fraud case when French court rejected an appeal.
Lagarde is accused of interfering in a legal dispute between French tycoon Bernard Tapie and Credit Lyonnais in 2007, when she was finance minister under President Nicolas Sarkozy. Tapie, a Sarkozy supporter, sued the French state in 1993 after selling a stake in Adidas to Credit Lyonnais. The bank was owned by the state at the time.
Lagarde has not been accused of profiting from the Tapie case; the issue is whether she gave him preferential treatment. She has denied any wrongdoing. The punishment for the respective offense includes a year in prison and a fine of about $17,000.
Case will be conducted by a special court that handles actions carried out by public officials while they are in office. It is composed of members of parliament and magistrates.