Orange chief denies wrongdoing after being put under investigation

May 21, 2015 6:43 PM

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Orange chief denies wrongdoing after being put under investigation

PARIS Orange (ORAN.PA) Chief Executive Stephane Richard denied any wrongdoing on Thursday after he was placed under formal investigation over allegations of complicity in the misuse of public funds in a long-running legal case.

In 2013 Richard was already placed under investigation concerning the alleged abuse of influence regarding the award of 403 million euros ($449 million) to tycoon Bernard Tapie in 2008, when Richard was head of cabinet of the finance minister, Christine Lagarde, now head of the International Monetar...

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