France Telecom boss under formal investigation in Tapie probe

Stephane Richard, boss of France Telecom, has been placed under formal investigation by police in Paris over a long-running investigation into the possible misuse of public cash. Orange:

The Group acknowledges this decision to place St├ęphane Richard under formal investigation but wishes to make it clear that this has no consequence on his current responsibilities. St├ęphane Richard will return to work tomorrow morning.

Richard has been detained since Monday in relation to a €400m (£340m) payout to businessman Bernard Tapie in 2008, when Richard worked for the French treasury. He was hospitalised for fatigue today after two days of questioning.

Paris yesterday over a long-running investigation into the possible misuse of public cash. - See more at: http://www.cityam.com/article/france-telecom-boss-quizzed-authorities#sthash.o33C0M0R.dpuf