France’s Orange boss gets suspended sentence over Tapie payout


AN appeals court hands the CEO of France’s Orange telecoms giant Stephane Richard a one-year suspended sentence for complicity in misuse of public funds over a massive 2008 state payout to businessman Bernard Tapie. – EPA pic, November 24, 2021.

AN appeals court today handed the CEO of France’s Orange telecoms giant Stephane Richard a one-year suspended sentence for complicity in misuse of public funds over a massive 2008 state payout to businessman Bernard Tapie.

Richard was chief of staff to then finance minister and current European Central Bank chief Christine Lagarde when she approved a €404 million (RM1.9 billion) arbitration payment to Tapie to settle a long-running dispute over his stake in Adidas sports apparel company.


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