Paris (AFP) – French tycoon Bernard Tapie must repay the 404 million euros ($449 million) he received to settle his long-running dispute with the state over the sale of sports equipment maker Adidas, an appeals court ruled Thursday.
The massive 2008 award, which had shocked the French public, was later found to be fraudulent because Tapie had links to one of the arbitrators appointed to settle the case with Credit Lyonnais bank.
Tapie, 74, had appealed against a ruling ordering him…
Read the full article at: https://au.news.yahoo.com/world/a/35558740/frances-tapie-must-repay-404-mn-euros-over-adidas-sale-court/