The former managing director of the Orpea group has been heard freely since Tuesday morning 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.

Yves Le Masne, managing director of the private nursing home group 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.

Le Canard enchaîné indicated on February 2 that Le Masne had sold shares in the group last July for 588,000 euros "only three weeks after the management of Orpea was informed of the forthcoming publication of the book" by Victor Castanet.

Ex-boss declares innocent

The book "Les fossoyeurs" accuses Orpea of ​​serious shortcomings in the management of its nursing homes, which the group refutes.

Le Masne had "strongly refuted any accusation of insider trading".

He had assured that the sale of "about a third of (his) shares" had "nothing to do with the book of Mr. Castanet, which did not create any particular concern for us".

He also clarified that he had "no reason" to sell more shares, "having full confidence in the future of the company".

"Mid-summer is when I typically sell shares, as evidenced by my previously released statements" and "I have always made my share sales within the permitted time periods and made all regulatory filings to the authorities competent,” he also said.

Another investigation in progress

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 abusively resorting to fixed-term contracts”.

Company

Orpea: Strike movements from Friday in about fifteen Ehpad of the group, according to the CGT

Health

Ehpad: "The summer is going to be difficult"... The sector is asking for an emergency recruitment plan

  • Company

  • Orpea case

  • nursing home

  • Retirement home

  • Scandal