Why for more than ten years the auditors did not see that Monique Piffaut, the boss of Financière Turenne Lafayette (FTL), holding company of William Saurin, rigged the accounts?
This is what will try to understand from Monday the High Council to the auditors (HC3), the gendarme of the audit.
The incredible story of the owner of William Saurin
He must determine whether the Mazars and PwC firms, and some of their associates, have committed disciplinary errors or not.
In total, four legal persons and four natural persons will meet for seven days on the dock.
Which is unprecedented in France.
But so is the scandal.
It all started at the end of 2016, two weeks after the death of Monique Piffaut.
In twenty-five years, this solitary and autocratic woman has built a giant in the food industry by buying William Saurin, Madrange, Garbit or Paul Prédault.
But, behind this success, the new leader of FTL will discover that in fact hiding accounting fraud.
To boost the turnover of the ham, couscous and cassoulet empire and hide its financial difficulties from the eyes of the banks, the “maternalist” boss with her 3,200 employees, issued nearly 300 million euros in false invoices and made up of false inventory.
To avoid the bankruptcy of the group and preserve the pork sector, the State will orchestrate a rescue plan.
And will organize the disposal of all assets.
But all the secrets of this incredible scandal have not yet been revealed.