Getting Messier; Corporate scandal in France.(More trouble for Jean-Marie Messier)
Economist (US), The, June, 2004
The continuing pursuit of a disgraced boss
JEAN-MARIE MESSIER, the disgraced former boss of Vivendi Universal, a media and telecoms group that fell from grace in 2002, is facing further dishonour. He was placed under formal investigation on June 23rd after two days in police custody and four hours of questioning by Henri Pons and Rene Cros, examining magistrates. He was discharged on bail of euro1.35m ($1.6m).
Mr Messier hopes to revive his reputation at the trial that seems certain to follow the investigation. According to Olivier Metzner, his lawyer, since March he has asked to be formally investigated and has a big dossier that he hopes will bolster his defence.
Admittedly somewhat belatedly, the French market watchdog is thought to be...
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