Orange group boss found guilty of misuse of public funds

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Stéphane Richard, CEO of French telecoms giant Orange, has been handed a suspended jail sentence after he was found guilty by a Paris appeals court of aiding and abetting the misuse of public funds in a case centered on a 403-million-euro state payout awarded in 2008 to late French tycoon Bernard Tapie.

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The chief executive of Orange, the French telecommunications group, risks dismissal after being convicted in connection with a fraudulent 403-million-euro state payout to a controversial tycoon, reports The Times.