Stéphane Richard, Orange CEO, convicted of appeal to one year in prison with reprieve in Capie case

After this conviction for complicity in diversion of public funds, his future at the head of the company is threatened.

Le Monde with Reuters

Orange President and CEO (CEO), Stéphane Richard, was sentenced on Wednesday, November 24, to one year in prison and 50,000 euros fine by the Paris Court of Appeal, for Complicity in diversion of public funds in the Credit Lyonnais arbitration process, at the end of which Bernard Tapie had received some € 400 million in 2008.

At the time, Stéphane Richard was the director of cabinet of the Minister of Economy Christine Lagarde, which is now at the head of the European Central Bank (ECB). In this case, M me Lagarde was condemned but dispensed with sentence in 2016, for negligence by the Court of Justice of the Republic.

/Media reports.