Dominique Leroy, ex-CEO of Proximus. – © VIRGINIE LEFOUR – BELGA
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Against a transfer of 107,000 euros, maximum provided by law and negotiated with the Brussels public prosecutor’s office, The next l’ex-CEO has chosen to end criminal proceedings for insider trading hanging over her, L’Echo and De Tijd report on Wednesday.
Dominique Leroy appeared Tuesday before the council chamber to propose a criminal transaction negotiated with the Brussels prosecutor’s office in his insider trading case. The president, Jean Coumans, however, did not approve the transaction, reserving his decision for July 15.
Total: 107,000 euros
According to L’Echo and De Tijd, Dominique Leroy will have to pay the maximum fine. This amounts to 80,000 euros. She will also have to pay the amount of her property benefits – just over 6,000 euros – multiplied by four, as well as pay the legal costs. For an approximate total of 107,000 euros.
Contacted by L’Echo, spokesperson for the Brussels public prosecutor’s office, Denis Goeman “confirms the conclusion of a criminal transaction after an agreement has been reached between Ms. Leroy and the prosecution. It was submitted this Tuesday, June 30 to the council chamber for approval“However, the magistrate”cannot confirm the amount of the transaction insofar as the role of the council chamber is to verify that this amount respects the legality“, he continues.
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End of court case
Also contacted, Dominique Leroy, did not respond. His lawyer, Jean-Pierre Buyle, for his part, did not wish to make any comments.
At the end of this transaction, Dominique Leroy therefore puts an end to this legal case which cost him his post as CEO at KPN which she was to join. She did not admit guilt and her criminal record will remain blank.
In a press release published Wednesday morning, the FSMA, the stock market policeman, confirms the existence of a transactional regulation providing for the payment of an amount of 107,841.01 euros and a publication by name on the website of the Services Authority and financial markets (FSMA).
This settlement comes from the sale by Mrs. Dominique Leroy of its 10,840 Proximus SA shares on July 25, 2019.
Dominique Leroy had “inside information”
According to the FSMA, Ms. Leroy owned, at the time of the sale of her shares, “inside information which arose from the existence of advanced negotiations with KPN having as its object his engagement as CEO and as a consequence the non-renewal of his mandate as CEO of Proximus SA.“In the eyes of the FSMA, this sale therefore constituted an insider transaction.
“These transactional rules are inextricably linked to the criminal transaction concluded in relation to the facts investigated, which is subject to approval by the chamber of the council of the court of first instance of Brussels. It is therefore subject to this approval“, concludes the stock market policeman.
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