Adidas-Crédit Lyonnais arbitration: Bernard Tapie relaxed for fraud

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Bernard Tapie relaxed for scam. The Paris Criminal Court delivered its judgment on Tuesday morning, more than ten years after the controversial arbitration that granted 403 million euros to the businessman to settle his dispute with Credit Lyonnais.

Deliberation was pronounced in the absence of the interested party, reached at age 76 of a double cancer of the esophagus and the stomach and who is currently undergoing chemotherapy in a Parisian hospital.

However, a five-year prison sentence was required on 1 April against Bernard Tapie, tried for "fraud" and "embezzlement of public funds".

Conversely, his lawyers, Me Hervé Temime and Julia Minkowski, had pleaded the acquittal, assuring that the file was "empty of evidence".

For the prosecution, the former minister had "rigged" the arbitration that had granted in July 2008 45 million euros in respect of non-pecuniary damage, in compensation for a "fault" of the Credit Lyonnais during the resale of the sports equipment manufacturer Adidas.

> More information to come on Le Parisien.

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