France Telecom's CEO in hospital ahead of court decision

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June 12, 2013 9:21 PM EST

France Telecom chief executive Stephane Richard was hospitalised for fatigue on Wednesday after two days of questioning by police in a probe of a 2008 arbitration case that resulted in a large pay-out to businessman Bernard Tapie.

Richard was a top aide to former Finance Minister Christine Lagarde in 2008 when the French government awarded Tapie 285 million euros (238 million pounds) in damages in his long battle with now-defunct bank Credit Lyonnais.

Tapie, a supporter of former president Nicolas Sarkozy, contested the bank's role in the sale of his stake in sports clothing firm Adidas in 1993.

The prosecutors in the probe will decide later on Wednesday whether to put Richard under official investigation.

"He has been in the hospital since Tuesday morning. He is tired but he is well," said Richard's lawyer Jean-Etienne Giamarchi.

Richard has denied any wrongdoing in the case.

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