Natixis: ex-leaders have lied about their loss
The AMF (AMF) is finally reached. In a work that appears on Thursday, entitled "Natixis: investigation of a bankrupt state" (Editions First Editions), Matthew Pechberty, economic journalist of The Tribune reveals that the former leaders of Natixis, Charles Milhaud and Dominique Ferrero respectively Chief Executive and Managing Director of Natixis at the time, had provided false information regarding the losses incurred by the subsidiary of Banques Populaires and Caisse d'Epargne (BPCE) in October 2008.
Thus, November 12, 2008, The Tribune published an article claiming that the French bank lost 975 million euros during the month of October 2008. The next day, Natixis publish a press release reporting a loss of 500 million euros.After two attempts that were inconclusive for lack of evidence, the MFA works on a third survey that revealed in the fall of 2009, that former leaders of Natixis lied, without confirming the figure released by the Tribune. Thereafter the policeman of the Stock Exchange sent a notification of grievance Natixis which he accuses of having issued false information to financial markets. Currently, the MFA has refused any comment.
Jouyet want to prove that he has turned the page "EADS"
The fate of former leaders of Natixis is now in the hands of the Enforcement Committee, which has still not taken any decision on it. According to the author of the book, the final decision could be announced in the month of March payday loans no teletrack .This committee consists of twelve members: two state councilors appointed by the Vice-President of the State Council, two advisers to the Supreme Court designated by the first President of the Court of Cassation, six members appointed by the Minister Economy, and two employee representatives designated by the Minister of Economy.
In the meantime, this decision should celebrate the Adam (Association for the Defense of Minority Shareholders), and D?minor. Last March, the Adam chaired by Colette Neuville has indeed brought a criminal complaint against Natixis for "misleading", "false balance" and "fictitious dividends. In January, it was the turn of D?minor, firm specializes in advising shareholders, headed by Fabrice Remon, a complaint, but a civil rather than criminal.One option that could help stop the proceedings at any time to negotiate amicably with Natixis and compensate shareholders.
Although close to Fran?ois Perol BPCE current boss, is to think that Jean-Pierre Jouyet, chairman of the AMF, has at heart to carry out this procedure, to avoid the Paris to undergo another blow, we know it still marked by the action taken on the matter EADS.
The two former leaders of Natixis, Charles Milhaud and Dominique Ferrero, risk a financial penalty of up to 10 million euros.
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