Business Standard

McKinsey's Paris offices raided by french police in tax case

Prosecutors confirmed that evidence-gathering searches had begun on Tuesday

McKinsey to help Usha Martin wade through debt
Premium

Bloomberg
McKinsey & Co.’s Paris offices were raided by police in the latest escalation of a controversy over whether the US consulting firm paid any French corporate taxes in the last decade despite earning millions of euros on government projects.

Prosecutors confirmed that evidence-gathering searches had begun on Tuesday. Last month, financial prosecutors at the Parquet National Financier said they had opened a probe into McKinsey to look into suspicions of laundering of tax-fraud proceeds.

McKinsey said it’s cooperating with authorities and provided all the information required by prosecutors during the raid. The firm added in the statement that it adheres to French

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 26 2022 | 3:21 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com