Casino Empire happened in 2002. The exact details of any agreement between Davis, 60, and federal investigators in 2009 are unknown, but officials may still be able to use his statements as an investigative tool as they continue to probe the case. “Casino has reached a major milestone in its financial restructuring process by obtaining the agreement of its main creditors on a financial restructuring plan,” CEO and controlling shareholder Jean-Charles Naouri said in a statement.
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On Thursday Casino said the binding debt deal was reached with the consortium led by Kretinsky’s company EPGC alongside Casino’s biggest creditor Attestor, its second-biggest shareholder Fimalac and the retailer’s secured creditors. ‘But I would also presume that that’s done with the knowledge of that other jurisdiction, that it was communicated with that other jurisdiction, ‘Hey, we’re getting these statements, this is what we intend to do, are you cool with that?’ And the feds normally do not make a proffer without bringing in the state’ in the case of another crime being committed, the judge added.
Retired LA police robbery-homicide Detective Greg Kading said the deal may have prevented Davis’s words from becoming self-incriminating, but officials could still use the information as an investigative tool. The deal massively dilutes shareholders and will bring to an end the 30-year reign of 74-year-old Naouri, who controls Casino through his listed holding company Rallye. Casino will formally change hands at the end of March next year.
‘So justice has been delayed for quite some time – in spite of all the eyes, all the attention, despite the celebrity of my brother.’ ‘Young Black men often deal with delayed justice because we’re often viewed as the criminals,’ he said. Davis, known as ‘Keffe D’, is thought to have made a deal with federal investigators in California in 2009 that allowed him to speak openly on a number of topics – including what he knew about the hip-hop star’s death in Las Vegas in 1996.
The retailer, which is now France’s sixth-largest supermarket group, said it planned to pursue discussions with the financial creditors not yet party to the lock-up agreement to get them to sign up to it too. ‘That agreement doesn’t apply to everything else in his life, as he erroneously believed,’ Kading said, ‘so he began to go out and boast about his involvement in the murder.’ The retired detective said this was not protected in the agreement.
The self-described gangster made his first court appearance Wednesday, charged with Shakur’s murder.
