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The scandal continues at Orpea. The chained Duck reveals, Wednesday, February 2, that the managing director, who was sacked a few days ago, would have sold shares for more than 580,000 euros with the release of the shocking book “The Gravediggers“.
Did the ex-CEO of Orpea sell his shares knowing that an investigation risked tarnishing the image of the group and that the stock market price of Orpea was going to collapse? This is asserted by the chained duck, Wednesday, February 2. The newspaper reveals that last June, the author of the survey on Orpea solicits the group with 56 very specific questions on dysfunctions of which he is aware.
Just after an email sent in July 2021, Yves Le Masne, then CEO of the group, sold his shares as evidenced by a declaration document to the financial markets authority. In all, Yves Le Masne declares the sale of 5,456 Orpea shares. He then pockets 588,157 euros. At the time of this sale, the Orpea share was worth 107 euros. Since the release of the book, it has plummeted to 39 euros. It is a very profitable sales operation which could be similar to insider trading according to an expert.
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