De new revelations in the Orpea scandal. As indicated The chained Duck in its edition of Wednesday February 2, Yves Le Masne, the former general manager of the group of retirement homes, recently dismissed after the highlighting of serious dysfunctions and mistreatment in Orpea establishments, sold all the shares of the company he owned after learning about the preparation of the book The Gravediggerswhich calls into question the company’s practices.
Replaced by Philippe Charrier with immediate effect on Monday, Yves Le Masne gradually sold all of his 5,456 shares, during three separate operations started in July 2021, on learning of the development of investigative work by journalist Victor Castanet. At the time, the action of Orpea reached 107 euros, underline our colleagues. An amount significantly higher than the 38 euros of its current value, after the action collapsed on the stock market in the face of the scandal.
Insider trading?
With his lucrative sales, Yves Le Masne therefore collected a jackpot of 588,157 euros. But these revelations could earn him a next appointment in court, for what would be akin to “insider trading”, underlines The chained Duck. The weekly also explains that only a small number of Orpea leaders were made aware of the writing of the incriminating book. As proof, the new CEO Philippe Charrier also intervened on the stock market recently, but by buying 800 shares in October, when they were valued at 94 euros per unit. A less profitable strategy than that of his now ex-colleague.
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