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

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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.