Maverick former minister convicted of tax fraud

8th December 2005, Comments 0 comments

PARIS, Dec 8 (AFP) - Former French minister and business mogul Bernard Tapie was convicted of tax fraud by a Paris court Thursday and sentenced to eight months in jail.

PARIS, Dec 8 (AFP) - Former French minister and business mogul Bernard Tapie was convicted of tax fraud by a Paris court Thursday and sentenced to eight months in jail.

However the 62 year-old ex-head of the Adidas sports empire escaped prison because the judge ruled that time already served for two related convictions be taken into account.

Tapie was accused of defrauding the finance ministry of some EUR 7.1 million in 1992 and 1993.

In September Tapie won a major victory when a court found that he had been cheated by the Crédit Lyonnais bank over the sale of Adidas in 1993-4 and ordered compensation of EUR 135 million.

The businessman, who was urban affairs minister under Socialist president François Mitterrand, served seven months in jail in 1997 and has since made his name as an actor and chat show host.

He has one charge of fraudulently declaring bankruptcy still hanging over him.

Copyright AFP

Subject: French news

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