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Police search McKinsey's office in Paris in tax fraud probe

Kitco News

PARIS, May 24 (Reuters) - Police searched on Tuesday the Paris office of U.S. management consultancy McKinsey in relation to an investigation into suspected tax fraud, the financial prosecutor's office said.

A McKinsey spokesperson did not respond to a request for comment.

French President Emmanuel Macron confirmed in April that a preliminary investigation linked to tax fraud and money laundering had been launched into the French arm of McKinsey by financial prosecutors. read more

McKinsey's French headquarters is located on the Champs Elysees boulevard.

McKinsey has said it would cooperate with French authorities and that it respected French tax laws and regulations.

The probe was triggered after the French Senate this year said the consultancy was dodging taxes in France despite sizeable revenues in the country.

The Senate also accused a company executive of lying when he told senators that McKinsey was paying corporate taxes in France.

Reporting by Paris Newsroom; Editing by Sudip Kar-Gupta and Richard Lough
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