Wednesday, November 23, 2016

Vinci, and the incredible story of the fake press release – The Point

The group’s CONSTRUCTION and concessions, Vinci has “formally” denied the allegations contained in a false press release, including the broadcast on Tuesday pushed its share on the stock Exchange, and indicated the desirability of launching legal proceedings against its authors. “A false press release Vinci has been published by Bloomberg on 22 November at 16: 5 “, indicates the group in a brief statement posted on its website. “Vinci formally denies all of the information contained in the fake press release, and reviews all legal actions to give effect to that publication,” he concludes.

The action has sharply unscrewed Tuesday afternoon, losing more than 18 %, after sending to several media outlets, including Agence France-Presse, the press release is misleading, announcing a review of accounts 2015 and the first half of 2016, as well as the removal of the chief financial officer of Vinci. The title has been suspended, before returning to its listing of about 30 minutes after. It remained in the red until the end of the session, ending in a decline of 3.76 % 58,80 euros, while the market grappillait to 0.41 %. “We have been hacked [hacked] and we will use the AMF [financial markets Authority] “, had indicated to the Agence France-Presse, a spokesman for the group, a few minutes after the fall of the action. AMF ” next folder “, told the Agence France-Presse, a spokesman for the member of the stock Exchange. “It is his usual work of supervision” and ” reserves the right to extend its investigations based on the anal ysis of the first collected items “, she added.


The press release fraudulent announced that Vinci had dismissed its chief financial officer after it discovered huge errors in the accounting entries, relating to fiscal year 2015 and the first half of 2016, with approximately eur 3.5 billion. The major groups in the world are regularly subjected to this type of adulterations, whose motivations are diverse. In June 2015, the gendarme u.s. stock exchange, the SEC, has launched a prosecution for price manipulation after the announcement by mysterious companies, takeover offers for the group of cosmetics Avon Products and of two other listed companies, whose shares had, in consequence flamed. A fake press release had been disseminated in the context of these “attempts details to manipulate in a fraudulent manner the price of securities” of the three companies, had estimated the DRY. In January 2013, the group’s coal australia Whitehaven Coal had seen a temporary drop in its Stock price after the sending, by activist s anti-coal, a fake press release that challenged the profitability of one of its key mining sites.


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