Searches underway in five banks for suspicion of giant tax fraud

A major operation is underway. Several searches are organized on Tuesday in five French banking establishments in Paris and La Défense on suspicion of aggravated tax evasion, the National Financial Prosecutor’s Office (PNF) said on Tuesday, confirming information from the World.

According to the public prosecutor, these operations are being carried out by 150 investigators from Bercy, 16 French magistrates and six Germans, as part of investigations opened at the end of 2021 by the PNF on “CumCum”, a tax scheme on dividends whose damage for States would amount to more than a hundred billion euros. Société Générale, BNP Paribas, Exane (a subsidiary of BNP), Natixis and HSBC, are targeted according to The world.

More information to come on…/…

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