See how they like the shoe being on the other foot…
Source
French authorities on Thursday searched the headquarters of Vivendi and the home of its former chairman, Jean-Marie Messier, as part of an investigation into alleged financial irregularities, officials said.
The company confirmed that authorities had searched a number of offices. Messier’s home also was being searched, authorities said. Messier canceled an appearance scheduled for later in the day at the Anglo-American Press Association.
Prosecutors are investigating allegations that Vivendi (V) published false balance sheets for 2000 and 2001 and released false or misleading information on its prospects for the following years.
Vivendi is also under investigation by the SEC. The company said last month that it would fully cooperate with the SEC’s investigation, which is proceeding in conjunction with a probe by the U.S. attorney for the Southern District of New York.
