Authorities conducted simultaneous raids on Tuesday at Société Générale’s premises in La Défense and its Luxembourg offices as part of an ongoing money laundering and tax fraud investigation, a judicial source confirmed to AFP.
The operation, led by France’s National Financial Prosecutor’s Office (PNF), resulted in four individuals – including senior bank executives – being taken into police custody.
The PNF launched its probe in January 2024 to examine whether the French bank allegedly “designed and implemented schemes primarily intended to provide tax advantages for major French corporations.”
The raids confirm information first reported by the French newspaper Le Monde.
