The CEO of Casino Group, which specializes in retailing and distributing goods through large supermarkets, has been arrested by French police for investigation into stock price manipulation, non-transparent securities trading and bribery.
On June 1, French police arrested Jean-Charles Naouri, CEO (CEO) of Casino Group specializing in retail and distribution of goods through supermarkets. big. The arrest comes as part of an investigation into stock price manipulation, non-transparent securities trading and bribery.
According to the above source, Mr. Naouri is currently detained in Paris for the authorities to investigate the relationship between this CEO and journalist Nicolas Miguet specializing in finance - who has repeatedly tried to run for the French presidency.
The charges against Mr. Naouri relate to criminal acts in 2018 and 2019. Authorities have started an investigation since 2020. Authorities searched the Casino Group's headquarters as well as the house. of this CEO in May 5. His attorney has not yet commented on the information.
According to Le Parisien daily, the Casino Group paid more than 800.000 euros ($857.000) to several companies run by journalist Miguet. The French financial market regulator (AMF), which filed the complaint, suspects Mr. Miguet received the money because of repeated advertisements for Casino shares in its articles. Casino Group said that the above legal investigation was based solely on "a meeting with a former casino consultant" and denied all allegations.
The detention of CEO Naouri comes after a court in Paris on May 26 issued a ruling stating that Casino needs to conduct reconciliation procedures with creditors before being restructured.
The group currently has a debt of 6,4 billion euros by the end of 2022.
