Nyrstar again under fire from FSMA for truncated communication
- Evelyne van Wassenhove
- Mar 21
- 1 min read
Updated: 7 days ago
Here is the truth: the criminal investigation in Brussels into Nyrstar was closed solely due to a lack of resources, and the verdict explicitly questions the potential responsibility of the Belgian state. But there is not a word about this in Nyrstar's press release.
Once again, this is a truncated communication from Nyrstar, which clearly did not sit well with the FSMA, the Belgian stock market regulator.
Nyrstar had announced that the case had been dismissed due to lack of evidence. However, the lack of evidence found by the Brussels Court of Appeal was not the result of an investigation, but rather the absence of an investigation! The Court also noted the “exceptional negligence” of the Belgian State in this matter, which Nyrstar carefully avoided mentioning in its press release of March 5, stubbornly continuing to mislead the public in its communications.
The FSMA asked Nyrstar to provide the market with additional information regarding this judgment. Nyrstar has therefore posted the judgment in its entirety online, but the informed reader will note the difficulty in accessing it... proof that Nyrstar continues to be as opaque as possible. Here is the link so that you can see for yourself what the verdict actually says: https://lnkd.in/e6AeDa-y.
We are curious to see how the FSMA will respond this time to yet another challenge to its authority.
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