Embezzlement-accused French media scion reinstated as CEO

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. Now he has secured the "partial lifting of the ban measure" in a court ruling, Largardere SA said in a statement. A judicial source confirmed to AFP that the 63-year-old is within his rights to return to the top seat, despite being charged with embezzlement.