The High Council of the Accounts Commission, notably criticizes Guy Isima Mirin of “breaches” linked to the certification of the accounts of Lagardère Capital Management. Arnaud Lagardère used this company to assume its personal expenses.
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Did Arnaud Lagardère have the means to assume a expensive lifestyle? This interrogation underpins the investigation started on December 27, 2019 by the High Council of the Auditors (the H3C), and which relates not to the group leader but on Guy Isima Mirin. After two and a half years of work, the regulator has, according to our information, decided to continue the current auditor of the Personal Companies of the Industrial.
On July 13, he sent him a notification of grievances, accusing him of the “breaches” linked to the certification of the 2014 to 2014 accounts of Lagardère Capital Management, the “non-revelation of criminal facts to the public prosecutor from Paris “and in Tracfin, according to the investigation report to which Le Monde had access. His lawyers must respond, by October 15, to the regulator, before a probable judgment in the first quarter of 2023. In theory, Guy Isimat-Mirin risks financial sanction and, in the worst case, a radiation from the profession.
The investigators looked at the spending circuit of Jean-Luc Lagardère’s son, who gave him his empire to his death in 2003. While the average citizen has a checkbook with his name to pay his bills , Arnaud Lagardère drew from one of his personal companies, Lagardère Capital Management (LCM), to assume his personal expenses (purchase of jewelry, hergé board at 100,000 euros, according to sources by the file) and ensure the costs of Operation of its properties in Rambouillet (Yvelines) and in the Villa Montmorency, this chic enclave nestled in the 16 e arrondissement in Paris.
sums that inflated from year to year
Arnaud Lagardère also acquitted a debt of 32.5 million euros in this way to Jean-Luc Lagardère’s wife, inherited from the latter’s succession. “The C/C [Current account] LCM represents the personal account of Al [Arnaud Lagardère]. In the flow, the non -professional expenses of AL (travel, residence work, etc.) that Lagardère Resources [a subsidiary of Lagardère] are recorded. paid then transferred to Lagardère SAS via LCM, “said Guy Isimat-Mirin himself in his audit documents, reported in the communication of grievances. In summary, the Lagardère group paid the expenses, which were then reimbursed by Arnaud Lagardère, via LCM.
Problem, the one who presided over the destinies of Hachette, Paris Match or Europe 1 did not perceive the dividends paid each year to LCM (15 million euros per year) for its 10 % participation in Lagardère. Indeed, the Company also supported its personal debt (166 million euros in 2016), and Crédit Agricole had destroyed its participation. As the investigators point out, any payment “dividends or reservations” would have been likely to cause “the termination of the contract” with the bank, and therefore to cause the reimbursement of all or part of the loan.
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