Listen to RFI News
Expand Player
Listen Download Podcast
  • Paris Live PM 1300 - 1400 GMT
    News bulletin 08/23 13h00 GMT
  • Paris Live PM 1300 - 1400 GMT
    News bulletin 08/22 13h00 GMT
  • Paris Live PM 1300 - 1400 GMT
    News bulletin 08/21 13h00 GMT
  • 13h00 - 14h00 GMT
    News bulletin 04/05 13h00 GMT
  • 13h00 - 14h00 GMT
    News bulletin 04/04 13h00 GMT
  • 13h00 - 14h00 GMT
    News bulletin 04/03 13h00 GMT
To take full advantage of multimedia content, you must have the Flash plugin installed in your browser. To connect, you need to enable cookies in your browser settings. For an optimal navigation, the RFI site is compatible with the following browsers: Internet Explorer 8 and above, Firefox 10 and +, Safari 3+, Chrome 17 and + etc.

French court slaps down tycoon Tapie over 400-million-euro compensation

media Bernard Tapie in 2014 AFP/Franck Pennant

France's top appeals court has thrown out tycoon and former politician Bernard Tapie's attempt to reverse the quashing of a 404-million-euro award to him in a dispute with the Crédit Lyonnais bank. International Monetary Fund chief Christine Lagarde is to appeal to the same court against being sent to trial in connection with the same case on Friday.

The Court of Cassation found that there had been a "fraudulent collaboration" between one of the judges who made the 2008 award, Pierre Estroup, and Tapie due to the "long-term, close and repeated" ties between Estroup and Tapie's lawyer Maurice Lantourne.

Tapie's team, appealing against a decision by a lower appeal court, argued that the accusation was "dragged in by its hair for purely political intentions".

The court threw out its claim that the lower court was not competent to judge the affair because it was "international", finding that it only affected operations that had taken place in France.

French Finance Minister Michel Sapin declared that the verdict "marked a turning point" and vindicated the decision to challenge the original award "in the taxpayers' interest".

Tapie ordered to pay back money

In December another court ordered Tapie to pay back the 404 million euros, which he has yet to do, having taken measures to protect his business interests and launched a separate appeal against that judgement.

A further investigation into alleged organised fraud is under way, involving Tapie, Estroup, Lanterne and Stéphane Richard, who is currently boss of telecoms operator Orange.

At the time of the award Richard was chief adviser to Lagarde, who was finance minister.

With suspicions of political interference in the 2008 case under Nicolas Sarkozy's presidency, Lagarde is fighting an order to appear before judges and will appeal against it at the Court of Cassation on Friday.


Sorry but the period of time connection to the operation is exceeded.