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Suspicions of giant tax fraud: ongoing searches in five banks in France

2023-03-28T10:19:41.901Z


These searches are part of the so-called “CumCum” fraud scheme. " The National Financial Prosecutor's Office confirms the carrying out today of multiple search operations in five establishments located in Paris and La Défense ," the statement said. They are part of five preliminary investigations opened on December 16 and 17, 2021 on the count of aggravated money laundering of aggravated tax evasion, and for some of aggravated tax evasion relating to the so-ca


"

The National Financial Prosecutor's Office confirms the carrying out today of multiple search operations in five establishments located in Paris and La Défense

," the statement said.

They are part of five preliminary investigations opened on December 16 and 17, 2021 on the count of aggravated money laundering of aggravated tax evasion, and for some of aggravated tax evasion relating to the so-called "CumCum" fraud scheme, it is

specified

.

According to

Le Monde,

Société Générale, BNP Paribas, Exane (a subsidiary of BNP), Natixis and HSBC are targeted.

More information to come...

Source: lefigaro

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