Former ACI Group chief indicted over suspected financial offences

Philippe Rivière led ACI Group, which bought about 40 industrial companies.

He has been indicted over suspected financial offences and placed under judicial supervision.

An audit found unusual cash flows to his personal holding company, and unions accused him of taking money from ACI subsidiaries.

ACI’s holding company was put into liquidation in March, after failed efforts to keep it operating.

The allegations are under investigation.