Former Adidas owner, wife tied up, beaten during burglary at home

AFP | Paris

The Daily Tribune – www.newsofbahrain.com

Former French minister and scandal-ridden tycoon Bernard Tapie, the former owner of Adidas, was attacked along with his wife during a night-time burglary of their home, police said Sunday.

The couple were asleep when four men broke into their house in Combs-la-Ville near Paris around 00:30 AM (2230 GMT Saturday) on Sunday, beat them and tied them up with electrical cords before making off with their loot.

Dominique Tapie managed to free herself and made her way to a neighbour’s home, where she was able to call the police. Slightly injured from several blows to the face, she was taken to hospital for a check-up but was expected to be released quickly.

“She is doing well,” Tapie’s grandson Rodolphe Tapie told AFP.

Tapie himself, who is 78, received a blow to the head with a club, prosecutor Beatrice Angelelli told AFP, but he declined to be taken into medial care.

“My grandfather refused to be taken away,” Rodolphe Tapie said. “He is shattered, very tired. He was sitting on a chair when he was hit with a club.”

The burglars made off with two watches, including a Rolex, earrings, bracelets and a ring, according to a source close to the investigation.

Tapie is a former Socialist minister who rose from humble beginnings to build a sporting and media empire, but later faced a string of legal problems.

He made a fortune in the early part of his career by taking over failing companies with allegedly dubious methods, and often flaunted his wealth, including by buying a 72-metre yacht and a football club, Olympique de Marseille, who won the French championship while he was their owner.

He has also been under suspicion of match-fixing in France’s top football league.

He was briefly minister for urban affairs in Francois Mitterrand’s government in 1992.

Tapie was found guilty in a string of cases for corruption, tax fraud and misuse of corporate assets, went to prison for five months and was stripped of the right to stand in any election in France.

After his release from prison in 1997, Tapie added showbiz to his various activities, trying his hand at acting and hosting radio and TV shows.

In 2012 he also became a media boss, taking over southern French daily La Provence and other newspapers.

One fraud case has dogged Tapie for decades, involving a hugely controversial settlement worth 400 million euros ($470 million at current rates) awarded to him by a government arbitration panel, the size of which sent shockwaves through France.

The panel judged he had been the victim of fraud when he sold his stake in the Adidas sports apparel company in 1993 to state-run French bank Credit Lyonnais, which was found to have undervalued the sportswear brand.

The case also ensnared then-finance minister Christine Lagarde, who now runs the European Central Bank. She was found guilty of “negligence” in the case.

Lagarde’s handling of the case sparked suspicion that her former boss Nicolas Sarkozy, whom Tapie had backed for president in 2007, was favourably disposed towards the businessman — allegations Sarkozy has vehemently denied.

Last autumn, Tapie’s fraud trial was postponed for reasons of ill health because he was suffering a double stomach cancer and cancer of the oesophagus which were getting worse.

The trial is due to resume in May, with Tapie “determined” to be present, according to his lawyer.

Police are treating Sunday’s incident as a violent robbery and kidnapping, a source close to the investigation told AFP.