McKinsey Tax Fraud: 65 Million Euros Seizure Announced by PNF
The National Financial Prosecutor's Office has announced a seizure of 65 million euros as part of an investigation into tax fraud targeting the McKinsey consulting firm.
McKinsey Investigation: PNF Seizes 65 Million Euros for Tax Fraud
The National Financial Prosecutor's Office (PNF) has announced a seizure of 65 million euros as part of an investigation into tax fraud targeting McKinsey consulting firm, reports Google News FR — Crime (fr) citing Le Figaro.
This precautionary measure comes as part of legal proceedings opened regarding the tax practices of the American group in France. The PNF, which has jurisdiction over major economic and financial matters, has been conducting the investigation for several months.
McKinsey had already been at the centre of public controversy following a Senate report published in 2022, which highlighted the French state's massive recourse to its services as well as questions about its tax obligations on national territory. The judicial investigation focuses precisely on these tax compliance questions.
The seizure of 65 million euros constitutes a procedural step designed to guarantee the recovery of any sums owed, pending the conclusions of the ongoing investigation.
Source: Google News FR — Crime (fr)