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General

Orange CEO under formal investigation

Thursday 13 June 2013 | 07:50 CET | News
A French judge has put France Telecom-Orange CEO Stephane Richard under formal investigation over his role in a case under the previous government, when he was head of cabinet for then finance minister Christine Lagarde. The official charge is "organised fraud". Richard's counsel said he would appeal this "insulting" and "grotesque" charge. Finance minister Pierre Moscovici said the operator's board would be responsible for deciding Richard's fate, and that the government's three representatives would vote in the company's best interests. Richard has been France Telecom's CEO since 2010, and

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Categories: General
Companies: ERA / France Telecom / Orange
Countries: France
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