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    French tycoon Bernard Tapie charged with fraud

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    euronews (in English)

    by euronews (in English)

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    French businessman Bernard Tapie has been charged with fraud over a 403 million euro payout he received from the state in 2008.

    Tapie, who denies the charge, has been involved in a long-running dispute with Credit Lyonnais over his sale of the Adidas sportwear group - arguing that the bank undervalued the firm when it was sold in 1993.

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    http://www.euronews.net/