French judges seize Tapie assets in arbitration case


  • World
  • Wednesday, 10 Jul 2013

PARIS (Reuters) - Judges have ordered a Mediterranean villa and other assets to be seized from a French businessman at the centre of a fraud investigation that could weigh on ex-president Nicolas Sarkozy's hopes of a comeback, legal sources said.

Bailiffs will confiscate assets worth tens of millions of euros belonging to tycoon Bernard Tapie, in a move that suggests investigating judges believe they have evidence of fraud in a 403 million euro (345 million pounds) arbitration payment he received in 2008 under Sarkozy's presidency.

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