Bernard Tapie, the controversial French businessman who owned Adidas for a while, has been placed under police surveillance while a Paris court is holding hearings on charges of organized fraud in relation to his company's sale of Adidas through a French state bank, Crédit Lyonnais, in the 1990s. Tapie, who is now 70 years old, is accused of having exercised excessive influence and to have made false statements to obtain compensation of €403 million from an arbitration panel in 2008 for being paid too little for the Three Stripes. The case also involves high-level personalities such as Christine Lagarde, current head of the International Monetary Fund, who was the French finance minister at the time, and Stéphane Richard, her former chief of staff and current head of France Télécom.