Orpea stock fell 13% on Wednesday afternoon after Mediapart revelations that a Luxembourg investor from Ehpad’s group carried out “questionable operations”.
Stock Orpea fell 13% on the Paris Stock Exchange on Wednesday afternoon, weighed down by revelations from Mediapart that the private group of retirement homes is at risk of collapse.financial scandal“because of a Luxembourg company that would have invested in its residences and executed it”questionable dealsAt 3:25 p.m., the stock fell 13.05% to $29.26 in a market down 0.81%.
According to Mediapart and the journalist collective Investigate Europe, the Luxembourg holding Lipany, founded in 2007, “accumulated 92 million assets», «mainly shares in many nursing homes and clinics managed by Orpeain several European countries, including France, andconducted questionable financial transactions“. Lipany is owned, according to Mediapart, by Roberto Tribuno, an accountant and tax consultant who was head of Orpea in Italy. This holdingmakes almost no profit and has never paid dividends“, its activities are “fully debt financed“, like that”obscure, to say the least‘ say the investigative media.
SEE ALSO – Orpea scandal: the testimony of Victor Castanet
Orpea wants to “shed light on the allegations”
In a brief statement sent to AFP, Orpea’s management said it could not comment: “justice confiscated“: The company recalls that it recently lodged a complaint against X with the Nanterre Public Prosecutor’s Office in Hauts-de-Seine for misuse of company assets. worry about something”Shed light on the allegations against the group» since the publication of the book research The gravediggers by Victor Castanet, management says it has “potentially punishable facts uncovered that call individual behavior into question“. Orpea also emphasizes having takenfirst disciplinary measures, several people have already left the company“. The group mentions by name the case of former finance director Sébastien Mesnard, who, according to Mediapart, in “close cooperationwith Lipany. “Sébastien Mesnard no longer works for the company and no longer has access to his email‘ said management in its press release. “We continue our investigations and will take all necessary measures and sanctions.‘ she added, recalling that ‘these facts have nothing to do with the reception and care of the residents“.
SEE ALSO – Director General of Orpea: “We report any suspected abuse”
Under fire from critics since its release in late January of themortician undertakerOrpea is also the subject of an investigation launched in Nanterre at the end of April on suspicion of institutional abuse or financial crimes. Since February, further investigations into “Counterfeiting and use of counterfeiting and violation of labor law by abusing fixed-term employment contracts“. Since the scandal began on January 24, Orpea’s price has fallen by around 64%.
SEE ALSO – Elisabeth Borne appointed Prime Minister: the reaction of Jean-Luc Mélenchon