Bitcoin News- The searches happen to be conducted around Paris.
- Societe Generale, BNP Paribas, Exane, Natixis, and HSBC would be the banks.
An analysis right into a €100 billion scam apparently brought French police to raid five large banks, based on a study from Deutsche Welle (DW) on Tuesday. The analysis seemed to be linked to the money washing situation that involved the governments of Germany and France.
The searches happen to be conducted around Paris. Targeting particularly four French banks and something foreign bank, based on an agent of France’s Financial Prosecutors Office (PNF). The analysis is alleged to become going ahead consequently.
Dodging Tax Obligations For Dividends
An inquiry right into a €100 billion fraud apparently brought French officials to raid five major banks. The governments of Germany and France will also be searching right into a possible money washing situation involving numerous financial firms.
Societe Generale, BNP Paribas, Exane, Natixis, and HSBC would be the banks under scrutiny. Based on DW, they’re particularly being investigated for that “legally dubious ‘cum cum’ practices.” Furthermore, individuals activities comprise banks developing intricate legal frameworks to assist wealthy clients dodge specific tax obligations for dividends.
Within the finish, the investigation’s goals are based on these institutions’ dubious tax strategies. The institutions are alleged of significant tax fraud washing, based on the government bodies. BNP and Exane, however, are “suspected of irritated tax fraud.” The raids that happened , based on DW, are based on PNF investigations which were began in December 2021.
The PNF later released an announcement that read:
“The ongoing operations, that have needed several several weeks of preparation, are now being transported out by 16 investigating idol judges and also over 150 analysis agents.”
