Overview
- Naouri was convicted and sentenced to four years in prison, including one year to be served at home under electronic monitoring, for active private corruption and disseminating false or misleading information.
- Prosecutors had alleged a scheme from September 2018 to June 2019 to bolster Casino’s share price, citing undisclosed payments to media figure Nicolas Miguet under an approximately €800,000 consultancy.
- The case centered on a period when Casino faced solvency concerns and pressure to cut debt, with the share touching roughly €25 in early September 2018.
- In October, the Parquet National Financier requested four years for Naouri with three suspended and a €2 million fine, a €75 million fine against Casino, four years’ immediate imprisonment and €850,000 personally for Miguet plus €1.5 million for his companies, and suspended terms with €300,000–€500,000 fines for three former executives.
- All defendants had sought acquittal, and Casino—now controlled by Daniel Kretinsky since 2024—argued the requisitions were disproportionate given changes in its size, finances and governance.