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 Stéphane Richard under formal investigation but wishes to make it clear that this has no consequence on his current responsibilities. Stéphane 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.