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30 Oct 2002
The investigation, undertaken by the public prosecutor's office in Paris, comes after complaints made by a small shareholder's group, which has complained about the 2000 and 2001 accounts, according to the Financial Times.
The inquiry comes following a civil complaint by the small shareholders group APPAC in July. The group launched a class action lawsuit against the company and Messier in the US alleging they misrepresented Vivendi's financial position.
Messier resigned last June, when the company warned it was facing £12bn in debt. Vivendi's shareprice has taken an 80% dive since the beginning of the year.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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