Belgium seizes €65m in McKinsey tax-fraud probe linked to France
Belgian authorities have seized €65 million as part of a French investigation into tax fraud at consulting giant McKinsey. Reuters reported the development.
Belgium freezes €65 million in McKinsey tax-fraud case
Belgian authorities have seized €65 million in assets as part of a French judicial investigation into alleged tax fraud by consulting firm McKinsey, Google News IE — Crime (en) reports, citing Reuters.
The seizure marks a significant escalation in a cross-border probe that originated in France, where investigators have been examining whether the firm avoided paying taxes on its French operations.
McKinsey came under scrutiny in France following a 2022 Senate report which alleged the company had paid no corporate tax in France for a decade. French prosecutors subsequently opened a formal investigation into the matter.
The Belgian seizure suggests investigators are pursuing assets held or routed through Belgium in connection with the alleged fraud. No criminal convictions have been recorded in the case to date.
McKinsey has previously denied wrongdoing in relation to the French tax allegations. The investigation remains ongoing.
Source: Google News IE — Crime (en)