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At the appeal trial of the arbitration between Bernard Tapie and Crédit Lyonnais, those who had been released at first instance were this time sentenced on Wednesday, November 24. While Peter Estoup has been sentenced to three years firm, the CEO of Orange, Stéphane Richard, has meanwhile been sentenced to one year in prison suspended, as detailed by Alexandre Peyrout, live from Orange headquarters.
The future of Stéphane Richard is at stake for the CEO of Orange, at the head of the group for eleven years. “The group’s Board of Directors met on Wednesday November 24 with a question at the center of the debate. Can Stéphane Richard stay at his post?“, explains the journalist of France Télévisions Alexandre Peyrout, live from the headquarters of the telecommunications group.
The leader was convicted in the arbitration case between Bernard Tapie and Crédit Lyonnais. He received a one-year suspended sentence and a fine of 50,000 euros for complicity in the embezzlement of public funds. Along with him, three other defendants were also sentenced. Among them, Pierre Escout, former magistrate, was fined three years and fined 300,000 euros. Stéphane Richard announced that he intended to appeal in cassation.