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French tycoon Tapie charged in corruption scandal

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(GlobalPost/GlobalPost)

French tycoon Bernard Tapie was Friday charged in a corruption probe over a huge state payout to him that has embroiled IMF chief Christine Lagarde, his lawyer said.

Tapie, who had been held in custody since Monday, was charged with fraud as part of an organised gang in connection with a 400-million-euro ($525 million) state payout he received in 2008 when Lagarde was France's finance minister.

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http://www.globalpost.com/dispatch/news/afp/130628/french-tycoon-tapie-charged-corruption-scandal