Stock soars in IT firm Altran after bossescited in fraud probe

21st July 2004, Comments 0 comments

PARIS, July 21 (AFP) - Shares in the computer services company Altran Technologies shot up Wednesday after trading was resumed, on news that chairman Alexis Kniazeff and co-founder Hubert Martigny had been placed under formal investigation.

PARIS, July 21 (AFP) - Shares in the computer services company Altran Technologies shot up Wednesday after trading was resumed, on news that chairman Alexis Kniazeff and co-founder Hubert Martigny had been placed under formal investigation.  

Following a suspension of almost one hour around midday, Altran shares gained 6.79 percent to 8.49 euros in early afternoon Paris trade, while the CAC 40 index of leading shares had risen by 1.25 percent with tech issues leading the way.  

The suspension had been sought by Altran while it announced that Kniazeff and Martigny were placed under investigation late Tuesday after two days in custody.  

The two men are suspected of disseminating misleading information, presenting inaccurate accounts and fraud, a source close to the case told AFP.  

Kniazeff is still permitted to carry out his functions for Altran, the company said in a statement.

 

© AFP

Subject: French news

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