Orpea’s descent into hell continues

Worse and worse. The course of the manager of retirement homes Orpea undergoes new releases on Tuesday, yielding 3.5%, to 26.03 euros. Since the beginning of the year, the action has collapsed by 70% on the Paris Stock Exchange, sinking ever lower.

After his book investigates The Gravediggers: Revelations on the system that mistreats our elders » published at the end of January, the journalist Victor Castanet revealed, Monday evening, in the daily The world new scandals. In his article, he highlights overbilling practices, conflicts of interest, potential misuse of corporate assets, opaque real estate arrangements, hidden remuneration, shell companies… The former management is directly implicated, including the former managing director, Yves Le Masne. The article refers to “ damages likely to number in the tensseven in hundreds of millions of euros “. The facts, known for the most part, would have been suppressed.

Another accusation: Orpea would have established relations with companies based in Russia, creating a structure on the spot owned at 9% by RDIF, a Russian sovereign fund unknown to the general public but in the crosshairs of the American Treasury, which recently qualified it as ” black boxe by Vladimir Putin “. Finally, concerning the call for a national strike at Orpea on June 3, motivated by the non-payment of the profit-sharing bonus, the article tells us that the new management would have been awarded thousands of shares in May free. Orpea’s management would like to point out that these free shares ” correspond to the contractual release of the annual plan which was awarded in 2019, as is the case in many large groups. This plan, like the following ones, concerns more than 300 executives (in France and abroad), mainly facility managers. »