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July 18 (Reuters) – French supermarket group Casino on Thursday confirmed that it is the subject of a preliminary investigation by France’s national financial prosecution office over charges of price manipulation and corruption dating back to 2018 and 2019. The arrest order, signed by the Senate president on Friday and to be carried out by the Senate’s sergeant-at-arms, came after the mayor, Alice Guo, failed to appear for a second consecutive hearing on Wednesday, citing stress.
“To improve our economic performance, we have begun streamlining our store network: closing unprofitable stores, converting integrated sites to franchises, carefully selecting our new franchise partners and opening new stores with high potential,” recently appointed CEO Philippe Palazzi said in a statement. Mosiac, the struggling company that owns womenswear brands Noni B, Katies, Autograph and more, said on Friday it needed to resolve a number of matters prior to the finalisation of its results and anticipated lodging them by the end of September.
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In March last year, the national financial prosecutor first revealed details of the investigation being launched in February 2020. The probe was launched after the prosecutor’s office was alerted by France’s AMF market watchdog, a source had told Reuters. At Dharamraz anyone can get the chance to play free mobile casino games with the best online casino bonuses where you will get the best mobile casino bonuses, and an array of casino offers, promotions, and bonus as free spins bonus, no deposit bonus, exclusive bonus, wager free casino bonus.
The Senate investigation began in May after authorities raided a casino in Guo’s sleepy farming town of Bamban in March, uncovering what the authorities said were scams being perpetrated from a facility built on land partially owned by the mayor. (Reporting by Farah Master; editing by Miral Fahmy) Should he be chosen, casino executives said they will be watching to see who Sam appoints to his government, and particularly who will take over as the finance secretary who oversees the casino industry.
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