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France Telecom boss keeps his job – for now 17/06/2013 18:43 CET Orange boss charged over Tapie case 12/06/2013 18:03 CET Probe launched into alleged Gaddafi funding of… 20/04/2013 09:05 CET Ministers of Bling named and shamed in France 15/04/2013 19:08 CET Ex-French minister with millions to invest 08/04/2013 02:15 CETFrench businessman Bernard Tapie has been charged with fraud over a 403 million euro payout he received from the state in 2008.
Tapie, who denies the charge, has been involved in a long-running dispute with Credit Lyonnais over his sale of the Adidas sportwear group – arguing that the bank undervalued the firm when it was sold in 1993.
IMF Chief Christine Lagarde referred the dispute to an arbitration panel when she was French Finance Minister in 2007.
The panel ruled in Tapie’s favour, but Credit Lyonnais was bankrupt by then. Tapie received the payment from the state the following year.
More about: Corruption, Financial scandal, FranceCopyright © 2013 euronews
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