The CEO of the Lagardère group is suspected of having dipped into the accounts of his companies to finance his lifestyle and personal expenses for several years.
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Arnaud Lagardère was indicted on Monday April 29 for “dissemination of false or misleading information”, “vote buying”, “abuse of corporate assets and “abuse of power”, and “non-filing of accounts”, franceinfo learned from judicial sources.
Arnaud Lagardère was placed “under judicial supervision with a ban on management and the obligation to provide a bond of 200 000 euros”, specifies this source. The CEO of the Lagardère group is suspected of having dipped into the accounts of his companies to finance his lifestyle and personal expenses for several years.
The indictment of Arnaud Lagardère comes as part of a judicial investigation opened on April 30, 2021 by the PNF for, among other things, misuse of corporate assets and presentation of inaccurate accounts.
This judicial investigation was opened on the basis of a complaint from the Amber Capital fund dated February 11, 2021, a report from the Financial Markets Authority dated February 24, 2021 and a report from the High Council of the Audit Office of the December 8, 2020 which the Paris prosecutor’s office relinquished in favor of the PNF on April 19, 2021.
