CEO of Orange Stéphane Richard Next in a String of Investigations into the Tapie Affair

Orange CEO Stéphane Richard was indicted Wednesday in connection to the Tapie-Crédit Lyonnais case that awarded businessman Bernard Tapie over 403 million euros with interest for the sale of Adidas. During the time of the private arbitration in 2008, Richard was chief of staff to then-Minister of Economy Christine Lagarde in charge of maintaining records […]

Home of Christine Lagarde, IMF chief, most recent raid over the Tapie Affair

The house of Christine Lagarde, current head of the International Monetary Fund (IMF) and former Minister of Economy and Finance, was raided by French police on March 20. The raid on her Parisian home occurred as part of an ongoing investigation into the sale of Adidas sports equipment to the French bank, Crédit Lyonnais, known […]

Tapie Affair Continues to Raise Questions of Fraud

On Thursday, January 24 the houses of two prominent French businessmen were raided by police in Paris. The homes of chief executive of France Telecom SA Stéphane Richard and business tycoon Bernard Tapie were searched as part of an ongoing investigation into what is now well-known in France as the “Tapie Affair.” The legal drama […]

Mobile Company Orange Breaks Down Leaving Many Without Service

For 12 hours on Friday, clients of the French mobile company, Orange, were left without means of communication. This means that more than 27 million people were unable to call or connect to a cell phone network, creating serious issues for individuals to businesses. On a huge day for holiday travel and also when many […]