PARIS - The tycoon at the center of a decades-old French legal battle that has dragged politicians and business leaders in its wake goes on trial on Monday accused of fraud.
The case has already been through the civil courts and prompted a 2016 trial of Christine Lagarde, now head of the International Monetary Fund but at the time finance minister, for her role in the saga. She was convicted of negligence but escaped fines or jail time. Tapie was awarded a 403 million euro state-funded payout as part of a 2008 settlement approved by Lagarde. But litigation continued and he was ordered by a French court to return the funds in 2015, with the ruling confirmed by other judges in 2017.
Richard, who is accused of hiding some aspects of the compensation deal from Lagarde, denies any wrongdoing.
Source: News Formal (newsformal.com)
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