Altrad Group under investigation by National Financial Prosecutor's Office for tax fraud
The construction equipment specialist is the subject of an investigation into aggravated tax fraud and organised fraud laundering. Around fifty officers conducted searches across various premises.
Altrad Group under investigation by National Financial Prosecutor's Office for tax fraud
The National Financial Prosecutor's Office has opened an investigation against Altrad Group, a leader in construction equipment. The case concerns suspicions of aggravated tax fraud and aggravated fraud laundering by an organised group.
The case was triggered by an alert from the tax authorities sent in mid-April. Last week, approximately 50 officers conducted searches across several premises throughout France, including at the company's headquarters in Montpellier.
Individuals were summoned to be questioned as assisted witnesses. The National Financial Prosecutor's Office clarified that no deprivation of liberty has been ordered for the moment. Contacted by AFP, Mohed Altrad, president of the group, made no comment.
The company, which has approximately 65,000 employees and generated nearly 6 billion euros in revenue in 2025, is run by an industrialist who also presides over the Montpellier rugby club. The latter was found guilty of corruption by the Paris court in late 2022 in a case involving the former leader of the French Rugby Federation. A new trial on appeal is scheduled for September.
Source: franceinfo
Source: France Info