Sacked at the end of January, Yves Le Masne sold shares three weeks after the management of Orpea was officially informed of the publication of the book-scandal The Gravediggers.
The former CEO of the Orpea group has been heard freely since Tuesday morning by the gendarmes as part of the investigation for “insider trading“concerning his resale of shares before the publication of the book-scandal on abuse in nursing homes.
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Yves Le Masne, CEO of Orpea for more than ten years and sacked at the end of January, is interviewed by the gendarmes of the Paris research section in charge of the investigation opened by the National Financial Prosecutor’s Office (PNF), said this source, confirming information from the Parisian. The PNF then confirmed this hearing with AFP.
Le Canard enchaîné had indicated on February 2 that Mr. Le Masne had sold the group’s shares last July for 588,000 euros.just three weeks after Orpea management was informed of the forthcoming publication of the bookby Victor Castanet. The book “The gravediggers“Accuses Orpea of serious shortcomings in the management of its nursing homes, which the group refutes.
Denied charges
Yves Le Masne had “strongly refuted any accusation of insider trading“. He assured that the sale of “approximately one third of (its) shares” did not have “nothing to do with Victor Castanet’s book, which did not create any particular concern for us“. He also clarified that he hadno reason“to sell more shares, “with full confidence in the future of the company».
«Mid-summer is when I usually sell stocks, as shown in my statements published earlier» et «I have always made my sales of shares within the authorized periods and made all regulatory declarations to the competent authorities“, he also said.
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The Orpea group has also been targeted since April by another judicial investigation, opened in Nanterre, on suspicion of institutional mistreatment or financial offences, entrusted to the gendarmes of the Versailles Research Section. These investigations were joined to those, launched in February, for “forgery and use of forgery and violation of labor legislation by misuse of fixed-term contracts».
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