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July 18 (Reuters) - French supermarket group Casino on Thursday confirmed that it is the subject of a preliminary investigation by France's national financial prosecution office over charges of price manipulation and corruption dating back to 2018 and 2019. Online Missouri court records show that Nelly was cited in June 2018 in Maryland Heights with operating a vehicle without proper proof of insurance. A judge issued a warrant in December 2023, and it remained outstanding. (Reporting by Anandita Mehrotra and Aishwarya Jain in Bengaluru; Editing by Tasim Zahid) The Nevada-headquartered company's quarterly adjusted profit per share of 86 cents also came ahead of Wall Street expectations of 62 cents.
The Senate investigation began in May after authorities raided a casino in Guo's sleepy farming town of Bamban in March, uncovering what the authorities said were scams being perpetrated from a facility built on land partially owned by the mayor. "To improve our economic performance, we have begun streamlining our store network: closing unprofitable stores, converting integrated sites to franchises, carefully selecting our new franchise partners and opening new stores with high potential," recently appointed CEO Philippe Palazzi said in a statement.
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