president nicolas sarkozy

French tycoon on trial over $450 million arbitration deal

PARIS (AP) — French tycoon Bernard Tapie is facing a criminal trial over a fraudulent 404 million-euro ($450 million today) arbitration package linked to his sale of sportswear company Adidas in the 1990s. Civil courts have already ruled the unusually generous 2008 award was the result of fraud and ordered Tapie to refund the money. … Continue reading French tycoon on trial over $450 million arbitration deal

PARIS | Corruption trial urged for former French PM Fillon and wife

PARIS— Jan 11, 2019—France’s financial prosecutor’s office has asked that former Prime Minister Francois Fillon and his wife be sent to trial on corruption charges. Fillon, who at one point was the front-runner in France’s 2017 presidential race, saw his bid unravel over allegations he paid his wife Penelope and two of their children more … Continue reading PARIS | Corruption trial urged for former French PM Fillon and wife