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.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies