December 14, 2016 / 8:27 AM / 7 months ago

Boss of French group Orange will not testify at Lagarde trial on Wednesday-lawyer

1 Min Read

PARIS, Dec 14 (Reuters) - Stephane Richard, the head of French telecoms group Orange, will not testify on Wednesday at the trial on negligency charges of International Monetary Fund chief Christine Lagarde, said a lawyer for Richard.

The trial relates to Lagarde's approval in 2008, as then finance minister, of a French state payout of 400 million euros ($425.44 million) to business tycoon Bernard Tapie.

Richard had been summoned to testify since he was chief of staff to Lagarde at the time.

$1 = 0.9402 euros Reporting by Chine Labbe; Writing by Sudip Kar-Gupta; Editing by Richard Balmforth

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