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France Telecom SA’s board voted to keep Chief Executive Stephane Richard in the top job after he was charged last week with fraud linked to his time at the French finance ministry five years ago.
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France Telecom SA’s board will meet next week to discuss the consequences of Chief Executive Officer Stephane Richard’s fraud charge in a probe linked to when he was chief of staff for then-Finance Minister Christine Lagarde.
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Stephane Richard, chief executive officer of France Telecom SA, also known as Orange, was taken into custody today for questioning in a case involving an arbitration that benefited a supporter of former President Nicolas Sarkozy.
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International Monetary Fund Managing Director Christine Lagarde averted being charged by a Paris court investigating her decision to allow arbitration that benefited a supporter of former President Nicolas Sarkozy.
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International Monetary Fund Managing Director Christine Lagarde is testifying this morning at a Paris court investigating her decision to allow an arbitration that benefited a supporter of former President Nicolas Sarkozy.
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French police raided the home and office of former President Nicolas Sarkozy’s chief-of-staff in relation to a 385 million-euro ($504 million) arbitration award to businessman Bernard Tapie, France Info radio said.
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The International Monetary Fund’s board of directors is backing Managing Director Christine Lagarde, who is being questioned by a French court over a decision she made as finance minister, a fund spokesman said.
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International Monetary Fund Managing Director Christine Lagarde, whose Paris apartment was searched by police March 20 in a case involving businessman Bernard Tapie, retains the backing of the board of directors, an IMF spokesman said.
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French police searched the Paris home of International Monetary Fund Managing Director Christine Lagarde as part of an inquiry into an arbitration that awarded $500 million to a supporter of former President Nicolas Sarkozy.
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International Monetary Fund Managing Director Christine Lagarde said she will be heard in May by a court in relation to her decision on a case involving businessman Bernard Tapie when she was French finance minister.
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