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French prosecutor seeks jail for tycoon Bernard Tapie

Prosecutor has demanded jail time for ex-government minister Bernard Tapie and also Orange CEO Stéphane Richard over arbitration award.

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The Paris prosecutor has demanded five years in prison in the embezzlement trial of former Adidas owner and ex-government minister Bernard Tapie, reports News.com.au.

The 76-year-old Tapie is accused of fraud and misappropriation of state funds, the news agency AFP reported on Monday.

The trial regarding Tapie's sale of his former stake in Adidas is scheduled to end this week, but the verdict is not expected immediately.

The former boss of football club Olympique Marseille had felt himself cheated on the sale of shares in the German sporting goods manufacturer in the early 1990s by the then-State Bank Credit Lyonnais and filed a complaint.

Read more of this report from News.com.au.

See also: French prosecutor seeks jail for Orange CEO