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Jean-Charles Naouri and the French grocer that he led for three decades will stand trial in Paris on Wednesday over allegations he conspired to manipulate Casino Guichard Perrachon SA’s stock price.
Naouri, 76, risks as long as 10 years in jail if found guilty, while the debt-laden supermarket chain could be fined as much as €500 million ($587 million) or 15% of its annual revenue. Naouri and Casino face a further charge of active private corruption. The trial is due to last until Oct. 22, with a ruling expected several months later.