Finance
Casino will not appeal its €40 million criminal sentence for corruption
Published by Global Banking & Finance Review®
Posted on February 9, 2026
1 min readLast updated: February 9, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on February 9, 2026
1 min readLast updated: February 9, 2026
Casino will not appeal its €40 million corruption fine, involving former CEO and executives. The company contests the civil damages calculation.
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.
"Casino will contest the calculation of civil damages adopted by the Paris Criminal Court," it added in a short statement.
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)
Corporate governance refers to the systems and processes that direct and control a company, ensuring accountability and transparency in its operations.
Financial crime encompasses a range of illegal activities that involve money or financial transactions, including fraud, money laundering, and corruption.
Compliance in finance refers to the processes and regulations that financial institutions must follow to ensure they operate within legal and ethical standards.
A criminal sentence is a judicial decision that imposes a penalty on an individual or organization found guilty of committing a crime.
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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