HR NEWS

Orange boss and tycoon Bernard Tapie sent to trial in France: Report

Orange boss and tycoon Bernard Tapie sent to trial in France: Report

At the heart of the complex affair are payments that Tapie, a larger-than-life figure in French business and politics, received in 2008 from the government over a dispute concerning the sale of sports company Adidas, once owned by Tapie.

Orange’s Richard was chief of staff to then finance minister Christine Lagarde at the time the award was granted. Lagarde is now head of the International Monetary Fund.

The source said Tapie and Richard faced charges of embezzlement and misuse of public funds.

Richard also denied the charges, a spokesman said.

He accused the bank of defrauding him after it resold its stake for a much higher price. With the case stuck in the courts, the two sides agreed to a private settlement and a 403 million euro payout to Tapie. Lagarde approved the settlement.

Those rulings had prompted Tapie, the flamboyant owner of a Parisian mansion and a large yacht, to say recently that he was “utterly ruined”.

 

<p style="\&quot;text-align:" justify;\"="">IMF chief Lagarde escaped punishment in the same affair and kept her job, despite being convicted of negligence regarding the payout.

Source: Financial Express

6 months ago

By HR Reporters


Social Share : Share      

Comments.....

Submit new comment

Most Viewed

Walmart gives workers a way to get paid earlier...

6 months ago

637,000 new pilots required for airlines over next 20 years: Boeing...

11 months ago

Wanted Admin Manager - NEXA/AUTOFIN LIMITED. Click here for more details...

7 months ago

Opening for the post of Data Analyst, Human Resources - British Columbia, Canada...

5 months ago

Tata Steel Netherlands workers protest Thyssenkrupp merger...

8 months ago

Air India recruitment 2018: Job notification announced, 10th pass candidates, Gr...

6 months ago

Artificial Intelligence more concerning than North Korea: Elon Musk...

10 months ago

Unitech money laundering case: Court rejects bail plea to promoters, sends Sanja...

10 months ago

Wanted Assistant Manager - Admin, National Film Development Corporation Ltd. Cli...

6 months ago

New skin patch may help reduce obesity: Study...

6 months ago

Most Shared

Mass redundancies for Quebec cookie factory...

2 years ago

Trump this: 5 bold predictions for how he’ll impact HR...

2 years ago

InfoTycoon appoints existing President and COO Kevin George to succeed James Dav...

2 years ago

Sushant Dwivedy joins Aspiring Minds as SVP-Enterprise Client Solutions...

2 years ago

Uber introduces special reward programme...

2 years ago

Standard Chartered Bank to reduce 10% corporate & institutional banking staff...

2 years ago

National CineMedia (NCM) creates Affiliate Partnerships team, names Stacie Tursi...

2 years ago

OCC Names New CFO, Treasurer, and Chief Compliance Officer...

2 years ago

Beards at work are now a major turn-off say 61% of female office workers...

2 years ago

First female fast jet pilot of Britain hired as director at PwC...

2 years ago