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International Business Times
International Business Times
Business
AFP News

Embezzlement-accused French Media Scion Reinstated As CEO

Arnaud Lagardere's company has eroded since he inherited it from his father (Credit: AFP)

French media baron Arnaud Lagardere, who resigned from running the sprawling group of the same name in April over embezzlement charges, was reinstated as chief executive Friday after a favourable court decision, the company said.

Lagardere, who sold the firm built by his father to media giant Vivendi in November, had been temporarily barred from holding management positions over alleged misuse of corporate funds at some of his companies not belonging to Lagardere group.

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