The CEO of Casino Jean-Charles Naouri was placed in custody this Thursday, June 1 in the premises of the Parisian judicial police as part of an investigation for price manipulation and insider trading in particular, we learned from a source close to the file.
The CEO is auditioned by the Financial Brigade, said this source, confirming information from the JDD. The investigation was opened in 2020 by the National Financial Prosecutor's Office (PNF) for facts that date back to 2018 and 2019.
Last week, Jean-Charles Naouri, at the head of Casino for 25 years, asked the president of the Paris Commercial Court to open a conciliation procedure, in order to negotiate with the creditors of the distributor, which suffocates under 6.4 billion euros of debt.
More information to come...
