Former Vivendi Chief Arrested

[dArKeR]

Jean-Marie Messier, the former chief executive of Vivendi Universal, was taken into police custody Monday in an investigation into financial wrongdoing during his time at the media and telecommunications giant, police said.

Police said Messier was being held by the financial crime brigade and could remain in custody for questioning for up to 48 hours.

Messier was ousted in July 2002 as the company's finances crumbled and its debt spiraled out of control.

French investigating magistrates are probing a massive share buyback in which Vivendi allegedly spent over $1.2 billion to prop up its own share price in the weeks following the terror attacks of Sept. 11, 2001.

http://www.cbsnews.com/stories/2004/06/21/world/main625007.shtml

[LiviaOlivia]

1. Can the French do something about Ken Lay?

eom

[uptown ruler]

2. i think

this is all lead up to nov. afterwhich, they all get off.


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[boobooday]

3. Oh my my

Ken Lay next, PLEASE! It would restore a little tiny bit of my faith in humanity. :-)



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