2023-06-01 21:45:06
Strong period of turbulence for the Casino group. The CEO of the retail chain, Jean-Charles Naouri, was taken into custody on Thursday June 1, as part of an investigation for price manipulation and insider trading. The 74-year-old Fiances and normalien inspector was interviewed by the Financial Brigade, according to a source familiar with the matter at AFP, confirming information from the JDD. Police custody lifted in the evening, with no charges brought at this stage once morest the emblematic boss of the group.
The investigation for which the CEO was heard has been targeting Casino since February 5, 2020. It relates to facts of “organized gang price manipulation, active and passive private corruption” and “insider trading committed during 2018 and 2019” , the National Financial Prosecutor’s Office (PNF) told AFP in March. The PNF had specified that the investigation, which follows a report from the Financial Markets Authority (AMF), relates to the stock market price of the company “during this period”. Asked by AFP, neither Jean-Charles Naouri’s lawyers nor Casino wished to comment.
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