Belgian justice seizes €65 million from McKinsey over aggravated tax fraud
Belgian justice has seized €65 million from McKinsey's accounts as part of a French investigation into aggravated tax fraud.
Seizure of €65 million from McKinsey: Belgium acts in French investigation
Belgian justice has seized €65 million from the accounts of consulting firm McKinsey, as part of the French investigation conducted into aggravated tax fraud, reports Google News BE FR citing several media outlets including Le Soir, Le Figaro and Mediapart.
The seizure was announced by the French National Financial Prosecutor's Office (PNF), which is coordinating investigations targeting the French subsidiary of the American strategy consulting giant. Judicial cooperation between France and Belgium made it possible to locate and freeze the funds on Belgian territory.
The McKinsey affair had erupted in France following revelations about contracts concluded between the firm and several French ministries, particularly during the period of the health crisis. An investigation into aggravated tax fraud had been opened subsequently, focusing on the company's tax domicile and its tax obligations in France.
The seizure of €65 million constitutes a precautionary measure designed to guarantee the recovery of potential fines or tax assessments at the conclusion of the proceedings. McKinsey has not, according to available information, yet publicly commented on this judicial decision.
Source: Google News BE FR