The former director general of Orpea Yves Le Masne, dismissed after the revelations of the book "Les Fossoyeurs", refuted on Friday any insider trading during the sale of part of his shares in July 2021.
Read alsoOrpea: behind the scandal, the financial and industrial turmoil
According to
Le Canard enchaîné
, the former general manager of the Ehpad giant, sacked on Sunday, pocketed nearly 590,000 euros last summer by selling shares.
And this shortly after learning of the preparation of the investigative book
Les Fossoyeurs
by journalist Victor Castanet, who accuses Orpea of serious shortcomings in the management of its nursing homes, which the group refutes.
“Midsummer is when I sell stocks”
In a press release sent to AFP by his lawyer, Yves Le Masne "
strongly refutes any accusation of insider trading
".
He assures that the sale of "
about a third of (his) shares
" has "
nothing to do with Victor Castanet's book, which did not create any particular concern for us
".
He specifies that he had “
no reason
” to sell more shares, “
having full confidence in the future of the company
”.
"
Mid-summer is when I typically sell shares, as evidenced by my previously released statements
" and "
I have always made my share sales within the permitted time periods and made all regulatory filings to the authorities competent
”.
Managing director for ten years, Yves Le Masne was sacked on Sunday by the board of directors of Orpea.
He was replaced by Philippe Charrier, promoted from non-executive chairman to CEO.
