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Orange CEO Stéphane Richard was convicted on appeal for complicity in the embezzlement of public funds Wednesday, November 24, in the arbitration case between Bernard Tapie and Crédit Lyonnais. He receives a one-year suspended sentence and a 50,000 euro fine.
The arbitration between Crédit Lyonnais and Bernard Tapie is the result of embezzlement of public funds. If all the charges against Bernard Tapie were dropped following his death, his lawyer Maurice Lantourne was sentenced to one year in prison for fraud. Pierre Estoup, one of the arbitrators of the scam, was absent for medical reasons, but was sentenced to three years in prison for the same reason.
Stéphane Richard, who was at the time the chief of staff of the Minister of the Economy, was sentenced for complicity in embezzlement. He thus received a one-year suspended sentence, and a 50,000 euro fine. Sophie Clément, the president of the Court of Appeal deplored the fraud of the CEO of Orange, who “committed serious acts by privileging the interests of Bernard Tapie to the detriment of those of the State “, she said on Wednesday, November 24.