Arab Today, arab today scandalhit french tycoon tapie announces return to politics
Last Updated : GMT 05:59:01
Arab Today, arab today
Arab Today, arab today

Scandal-hit French tycoon Tapie announces return to politics

Arab Today, arab today

Arab Today, arab today Scandal-hit French tycoon Tapie announces return to politics

French businessman Bernard Tapie
Paris - AFP

French tycoon Bernard Tapie, embroiled in a scandal that has seen IMF chief Christine Lagarde ordered to stand trial, on Sunday announced he was returning to politics.

The flamboyant businessman, 72, said he was responding to the "alarm" signalled by France's recent regional elections, which saw the far-right National Front (FN) record their best-ever results in the first round before failing to win a single region in the second.

"I've decided to return to politics," the former Adidas owner told the Journal du Dimanche newspaper, nearly two decades after vowing never to do just that.

Tapie built an image in the 1990s as a staunch opponent of the FN -- clashing memorably with its then-leader Jean-Marie Le Pen -- as well as a defender of underprivileged suburban youth when he became cities minister in 1992 under Socialist president Francois Mitterrand.

Tapie's latest announcement comes two weeks after he was ordered to repay 404 million euros ($440 million) he had been awarded in an acrimonious dispute with Credit Lyonnais bank, a verdict he said had left him "ruined. Ru-ined. Absolutely on Ruined Street."

Tapie bought sportswear brand Adidas in the early 1990s but sold it to focus on his political career. The Paris appeals court rejected his claim that the now-defunct bank defrauded him on the sale.

Along with promising to fight the rise of the FN, Tapie -- who has also dabbled in acting -- said he would announce a plan in the New Year to combat youth unemployment.

Asked if he was considering running for the presidential election in 2017, he told the Journal du Dimanche: "Everything in its time. Politics is not just about being elected."

Despite having served in a Socialist government, Tapie supported conservative former president Nicolas Sarkozy, leader of the Republicans party and a possible contender in 2017, at the last election.

Tapie's political adversaries reacted with disdain to his supposed comeback, with FN number two Florian Philippot denouncing the move as "pretty sad" and the Republicans' Bernard Debre saying: "I don't care."

IMF chief Lagarde was ordered Thursday to stand trial over her handling of a massive state payout to Tapie when she was finance minister under Sarkozy.

She was placed under formal investigation in 2014 for negligence in the protracted legal drama pitting Tapie against the partly state-owned Credit Lyonnais.

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today scandalhit french tycoon tapie announces return to politics Arab Today, arab today scandalhit french tycoon tapie announces return to politics

 



Arab Today, arab today
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Top Yemen commander killed

GMT 09:55 2017 Wednesday ,22 February

Top Yemen commander killed
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 11:43 2017 Wednesday ,22 February

South Africa budget throws light on fractured ANC

GMT 11:35 2017 Wednesday ,22 February

British economy grows 0.7% in final quarter of 2016

GMT 06:04 2017 Wednesday ,22 February

Hammond closes in on budget goal

GMT 05:34 2017 Wednesday ,22 February

Euro zone economy outlook shines

GMT 04:10 2017 Wednesday ,22 February

US stocks finish at another all-time high
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st female Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st female Scotland Yard chief in 188 years
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Janat pleased for issuing 'Good Morning'

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 05:15 2017 Tuesday ,21 February

Omega 3 can reduce asthma cases

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday