Société Générale searched in La Défense and Luxembourg for suspicions of money laundering

Searches are underway Tuesday, June 24 in the premises of Société Générale in La Défense and Luxembourg, as part of an investigation relating in particular to suspicions of laundering tax fraud, announced a judicial source in France Télévisions, confirming information from World. Four people, including bank executives, were also placed in police custody and their searched homes, said this source.

These operations are part of an investigation opened in January 2024 by the National Financial Prosecutor’s Office (PNF), which seeks to verify whether the bank was able to “Propose and make assemblies for essentially fiscal purposes for the benefit of large French companies”We have not specified.

Entrusted to the National Antifraude Office (ONAF), the survey is open for qualified facts of money laundering, money laundering of tax fraud in organized or aggravated gang and association of criminals, according to the same source.

The facts “are likely to have been committed since 2009 in France and abroad, especially in Luxembourg”said this source, explaining that this procedure is distinct from the surveys relating to a tax evasion scheme called “Cumcum”, based on exchanges of titles.

Tuesday operations mobilize 80 investigators in France and abroad as well as 11 magistrates and specialized PNF assistants, according to this judicial source. Solicited by AFP, Société Générale refused to comment.