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Casino will not appeal its €40 million criminal sentence for corruption

Published by Global Banking & Finance Review

Posted on February 9, 2026

1 min read

· Last updated: February 9, 2026

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Casino will not appeal its €40 million criminal sentence for corruption
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PARIS, Feb 9 (Reuters) - French supermarket group Casino said on Monday it would not appeal its January 29 sentence to a fine of 40 million euros ($47.64 million), including 20 million euros suspended

Casino Accepts €40 Million Corruption Sentence Without Appeal

Casino's Decision on Corruption Sentence

PARIS, Feb 9 (Reuters) - French supermarket group Casino said on Monday it would not appeal its January 29 sentence to a fine of 40 million euros ($47.64 million), including 20 million euros suspended, for corruption offences dating back to 2018-2019.

Details of the Sentence

"Casino will contest the calculation of civil damages adopted by the Paris Criminal Court," it added in a short statement.

Executives Involved in the Case

Former Casino CEO Jean-Charles Naouri - who led the group for 30 years - and three former senior executives were also found guilty of corruption and the dissemination of false or misleading information as part of an organized group, the court said in January.

($1 = 0.8396 euros)

(Reporting by Benoit Van Overstraeten)

Key Takeaways

  • Casino will not appeal its €40 million fine for corruption.
  • The fine includes €20 million suspended.
  • Former CEO Jean-Charles Naouri found guilty.
  • Executives involved in misleading information dissemination.
  • Casino contests the civil damages calculation.

Frequently Asked Questions

What is corporate governance?
Corporate governance refers to the systems and processes that direct and control a company, ensuring accountability and transparency in its operations.
What is financial crime?
Financial crime encompasses a range of illegal activities that involve money or financial transactions, including fraud, money laundering, and corruption.
What is compliance in finance?
Compliance in finance refers to the processes and regulations that financial institutions must follow to ensure they operate within legal and ethical standards.
What is a criminal sentence?
A criminal sentence is a judicial decision that imposes a penalty on an individual or organization found guilty of committing a crime.
What is financial stability?
Financial stability refers to a condition where the financial system operates effectively, with institutions able to withstand economic shocks without significant disruptions.

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