Business World |

On the eve of the great Mass Association Annual Retirement Savings Afer, the past resurfaces and new twists are expected. Accused in 1999 of embezzling 128.9 million euros, the former leaders of the savings association G?rard Athias and Andr? Le Saux, were convicted on appeal by the Correctional Court of Paris, two years in jail suspended for breach of trust, and restitution of misappropriated funds between 1986 and 1997. This conviction was finally confirmed on 2 December by the Court of Cassation. This now opens the way for compensation to investors who suffered financial loss.

The SOS Afer Principles, which includes 400 members of the association, has therefore written to the Board of Afer asking him to recover misappropriated funds at the expense of savers."At least 400,000 members are concerned, are entitled to recover all amounts diverted, or about 250 million euros," said SOS Principles Afer.

We'll see tomorrow at the meeting of the association, during which will be unveiled the yield of the contract for 2009, how the current leaders of Afer respond to this request.

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