Tax fraud: Altrad group under investigation for 350 to 400 million euros in evaded taxes
The owner of Montpellier Hérault Rugby and founder of a construction empire is suspected of having committed massive tax fraud against the French authorities.
Tax fraud: Altrad group under investigation for 350 to 400 million euros in evaded taxes
The National Financial Prosecutor's Office has opened an investigation targeting the construction and civil engineering company led by Mohed Altrad. The latter, who also heads the Montpellier rugby club, is accused of having withheld between 350 and 400 million euros from the tax authorities, according to revelations by Mediapart relayed by L'Humanité.
The savings realised through this alleged fraud are said to have been reinvested in a sponsorship contract linking the businessman to the French Rugby Federation. This matter comes in addition to other legal troubles already known to the executive.
At the end of 2022, the criminal court of the capital had already convicted Mohed Altrad for having reached a corruption agreement with Bernard Laporte, former president of the FFR. The industrialist had then received a suspended prison sentence of 18 months and a financial penalty of 200,000 euros. The contentious patronage contract, with a total value of 1.8 million euros, had constituted the central element of this trial.
The current procedure, led by the PNF, could have significant repercussions for the Altrad group, considered a major player in the building and civil engineering sector on a global scale. The scale of the suspected fraud, estimated at several hundred million euros, makes it one of the most significant cases in recent years in the field of tax fraud in France.
Source: L'Humanité
Source: Google News FR — Crime (fr)