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Tycoon Tapie's assets are seized in French arbitration case

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Tycoon Tapie's assets are seized in French arbitration case

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Judges have ordered the seizure of French tycoon Bernard Tapie’s assets worth tens of millions of euros.

Tapie is at the centre of a fraud investigation concerning an arbitration payment he received in 2008 under Nicolas Sarkozy’s presidency.

The move is seen as a “protective measure” pending the outcome of the case.