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French businessman Tapie goes on trial over $453m award

1 2   3 French businessman Tapie goes on trial over $453m award 4 Businessman 5 6 Tapie, a former government minister, who also headed the Olympique Marseille football club from 1986 to 1994, is accused of fraud and embezzling public funds. 7 An arbitration panel made the award to Tapie after he alleged that his 1993 sale of sportswear manufacturer Adidas had been mishandled by the Credit Lyonnais bank. 8 But the Paris Court of Appeals overturned the award in civil proceedings in 2015 because of connections between Tapie’s lawyer and one of the members of the panel. 9 The same affair saw International Monetary Fund (IMF) chief Christine Lagarde convicted of negligence in 2016 for having failed to appeal the ruling at the time, when she was finance minister. 10 She was not penalised, however. 11 Tapie, 76, who is suffering from cancer, denied any wrongdoing in an […]

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  French businessman Tapie goes on trial over 453m award Businessman Tapie a former government minister who also headed the Olympique Marseille football club from 1986 to 1994 is accused of fraud and embezzling public funds An arbitration panel made the award to Tapie after he alleged that his 1993 sale of sportswear manufacturer Adidas had been mishandled by the Credit Lyonnais bank But the Paris Court of Appeals overturned the award in civil proceedings in 2015 because of connections between Tapie s lawyer and one of the members of the panel The same affair saw International Monetary Fund IMF chief Christine Lagarde convicted of negligence in 2016 for having failed to appeal the ruling at the time when she was finance minister She was not penalised however Tapie 76 who is suffering from cancer denied any wrongdoing in an interview with newspaper Le Journal du Dimanche earlier This trial is one of the most important episodes of my life he told the newspaper As well as being a prominent businessman and sporting manager Tapie had two brief ministerial terms in Socialist governments in the early 1990s and was at various times a television presenter and singer as well as appearing in cinema and on stage
French businessman Tapie goes on trial over 3m award

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latest nigerian political news

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latest nigerian political news

3 French businessman Tapie goes on trial over $453m award

latest nigerian political news

4 Businessman

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6 Tapie, a former government minister, who also headed the Olympique Marseille football club from 1986 to 1994, is accused of fraud and embezzling public funds.

7 An arbitration panel made the award to Tapie after he alleged that his 1993 sale of sportswear manufacturer Adidas had been mishandled by the Credit Lyonnais bank.

8 But the Paris Court of Appeals overturned the award in civil proceedings in 2015 because of connections between Tapie’s lawyer and one of the members of the panel.

9 The same affair saw International Monetary Fund (IMF) chief Christine Lagarde convicted of negligence in 2016 for having failed to appeal the ruling at the time, when she was finance minister.

10 She was not penalised, however.

11 Tapie, 76, who is suffering from cancer, denied any wrongdoing in an interview with newspaper Le Journal du Dimanche earlier.

12 “This trial is one of the most important episodes of my life,’’ he told the newspaper.

13 As well as being a prominent businessman and sporting manager, Tapie had two brief ministerial terms in Socialist governments in the early 1990s and was at various times a television presenter and singer as well as appearing in cinema and on stage.

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Abigael Joshua

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