Key events in the financial scandal that embroiled Lagarde

Here are the key events in the financial scandal and investigation that Christine Lagarde, the head of the International Monetary Fund, will stand trial for.


February 1993: Businessman Bernard Tapie sells his majority stake in sportswear company Adidas through French bank Credit Lyonnais. Tapie claims the deal was mismanaged and begins a long legal battle with the bank to claim damages.

June 2008: Lagarde appointed minister of finance and economy for France.

July 11, 2008: With Lagarde's approval, French arbitration panel awards Tapie about 400 million euros in damages and interest, paid from public funds.

July 5, 2011: Lagarde becomes managing director of the IMF after the previous chief, Dominique Strauss-Kahn, resigned amid sexual assault allegations.

Aug 4, 2011: French court orders investigation into Lagarde's role in Tapie case.

March 20, 2013: Lagarde's Paris home is searched by police.

Aug 27, 2014: Lagarde reveals she is under official investigation for negligence in the case of the damages awarded to Tapie, following a fourth round of questioning before magistrates.

Feb 17, 2015: Paris court of appeal overturns 2008 decision to pay the 400 million euros to Tapie. He appeals.

Sep 23, 2015: French prosecutor argues probe of Lagarde should be dropped. The prosecutor's recommendation is often taken up by the magistrates.

Dec 17, 2015: Despite the prosecutor's recommendation, Lagarde is ordered to stand trial over her involvement in the Tapie case. She appeals the decision.

Feb 19, 2016: Lagarde is elected to second five-year term at the helm of the IMF.

July 22, 2016: France's top court rules Lagarde must stand trial.