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Business

Vivendi's former bosses to stand trial in Paris

Text by News Wires

Latest update : 2009-10-22

Vivendi's former chief Jean-Marie Messier and former vice-chairman Edgar Bronfman Junior are to stand trial in Paris for embezzlement at the French media and telecom giant, legal sources said.

AFP - Vivendi's former boss Jean-Marie Messier and ex-vice-chairman Edgar Bronfman Junior are to stand trial here for embezzlement at the French media and telecom giant, legal sources said Thursday.
   
Messier will answer charges in a Paris court of making false or misleading statements about company finances, share price manipulation and misuse of company property, the sources said.
   
Bronfman will be tried for insider trading for having sold stock options in 2002 while having information about the company that had not been made public.
   
Messier had to leave Vivendi Universal in July 2002 after the company lost 13.6 billion euros.

 

Date created : 2009-10-22

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