McKinsey tax fraud: National Financial Prosecutor seizes €65 million
The National Financial Prosecutor has ordered the seizure of €65 million in connection with the tax fraud investigation targeting McKinsey consulting firm.
€65 million seizure in McKinsey case: National Financial Prosecutor takes action
The National Financial Prosecutor (PNF) has ordered the seizure of €65 million in connection with the tax fraud investigation targeting the McKinsey consulting firm, according to reports from Google News MA — Crime (fr).
This precautionary measure comes in a legal proceeding targeting the French subsidiary of the American strategy consulting giant. The authorities suspect McKinsey of having failed to pay corporation tax in France for a decade.
The PNF, a specialist jurisdiction in major financial and tax matters, has been overseeing the investigation for several years. The seizure of these funds is aimed at guaranteeing the recovery of sums potentially owed to the French state in the event of a conviction.
McKinsey had already been the subject of a Senate report in 2022 highlighting tax practices deemed problematic. The criminal investigation opened following this has since intensified with this new judicial decision.
Source: Google News MA — Crime (fr)