2023-06-01 15:59:00
Archive photo of Casino Group CEO Jean-Charles Naouri
PARIS (Archyde.com) – The CEO of the Casino group, Jean-Charles Naouri, is heard on Thursday by the financial brigade as part of an investigation into price manipulation and insider trading in particular, announced the National Financial Prosecutor’s Office (PNF ), confirming information from AFP.
Contacted by Archyde.com, Casino declined to comment.
Casino shares fell more than 5% on the Paris Stock Exchange at midday.
In February 2020, the PNF opened a preliminary investigation into Casino for charges of organized gang price manipulation, active and passive private corruption and insider trading committed during 2018 and 2019.
The investigation relates to the price of the action Casino during this period, specified the PNF last March, when the existence of this investigation was made public.
From a source familiar with the matter, it is indicated that this preliminary investigation follows a report from the Autorité des marchés financiers.
(Written by Zhifan Liu and Jean-Stéphane Brosse, with contributions from Dominique Vidalon and Sudip Kar-Gupta, edited by Blandine Hénault and Tangi Salaün)
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