Michel Ohayon Indicted for Fraud and Financial Misconduct

The businessman faces charges of bankruptcy, misuse of corporate assets, and organized fraud, with judicial restrictions imposed on his activities.

Michel Ohayon has been formally indicted on charges of bankruptcy, misuse of corporate assets, and organized fraud by the Juridiction nationale de lutte contre la criminalité organisée (Junalco).
He is under judicial supervision, barred from managing or directing companies, and required to pay a €500,000 bond.
Investigators allege the misappropriation of over €50 million from companies under Ohayon's control, including Go Sport, Gap France, and Camaïeu.
Evidence reportedly shows significant cash withdrawals from these companies without economic or legal justification, concealed through accounting manipulations and fictitious transactions.
The collapse of Ohayon's business empire, including the insolvency of his holding company FIB, has drawn lawsuits from over 300 former employees of Camaïeu.