Rhodia fined $1m for account slips

Jones, Philippa
June 2007
ICIS Chemical Business;6/25/2007, Vol. 2 Issue 72, p59
Trade Publication
The article reports on the penalty charged by Autorite des Marches Financiers (AMF) to Rhodia SA for accounting irregularities between 2001 and 2003 in France. According to the report, the company was fined for $1 million for account slips which imposed by AMF unit, the Commission des Sanctions. It cites that the Commission decision was due to the company's failure to disclose fully its debt levels and has dated depreciation of deferred tax assets as December 31 rather than June 30, 2003.


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