Paris court orders tycoon Bernard Tapie to pay back to state 404m euros


Magistrates rule he wrongly received the compensation sum for he had not been duped by state bankers when he sold sportswear firm Adidas in 1992.

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A French court dismissed tycoon Bernard Tapie's demand for more than a billion euros from the state over a disputed business deal on Thursday, ruling instead that he had to repay more than 400 million euros.