A fine of €800,000 was imposed on Novaxia Investissement, a property management company, by the Sanctions Commission of the Autorité des Marchés Financiers (AMF) on Thursday, and a further fine of €600,000 was imposed on its founder and former chairman, Joachim Azan.
Novaxia Investissement and its founder fined €1.4 million
The AMF criticizes the company's weak governance, poorly documented internal management and lack of transparency.
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