Europe 1 with AFP 4:05 p.m., April 20, 2022

The former president of Medef, Ernest-Antoine Seillière, was sentenced Wednesday in Paris to three years in prison suspended and 37,500 euros fine.

He was convicted of tax evasion for having participated in 2007 within the Wendel company in an ultra-sophisticated financial arrangement aimed at deceiving the tax authorities.

The former president of Medef, Ernest-Antoine Seillière, was sentenced on Wednesday in Paris to a three-year suspended prison sentence and a fine of 37,500 euros, found guilty of tax evasion for having participated in 2007 within the Wendel company in an ultra-sophisticated financial arrangement aimed at deceiving the tax authorities.

The former boss of the investment company, Jean-Bernard Lafonta, was given a four-year suspended prison sentence.

Eleven other executives and a former tax lawyer were given sentences ranging from suspended fines to suspended prison sentences plus a fine of 37,500 euros.

More information to follow.

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