US EditionSanofi Faces Surprise HQ Search As French Authorities Expand Tax Probe - Regeneron Pharmaceuticals (NASDAQ:REGN), Sanofi (NASDAQ:SNY)
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Sanofi Faces Surprise HQ Search As French Authorities Expand Tax Probe - Regeneron Pharmaceuticals (NASDAQ:REGN), Sanofi (NASDAQ:SNY)
Sanofi SA's (NASDAQ:SNY) Paris headquarters received an unannounced visit on Tuesday as tax investigators, accompanied by prosecutors and specialist aides, searched the site amid a widening financial probe. French prosecutors confirmed that Sanofi is the focus of a preliminary investigation launched in January 2024 into alleged "money laundering of tax fraud," including potential involvement by an organized group and possible criminal conspiracy…
The pharmaceutical giant is targeted, in the same way as Lactalis and AXA, by an investigation. Justice is looking at the conditions under which a service of the Société générale has made mainly tax-related montages for large French companies.
The pharmaceutical giant is the subject of investigations into alleged financial arrangements involving Société Générale, at the heart of an investigation for the laundering of tax fraud. The premises of the Sanofi pharmaceutical group in Paris were the subject of judicial intervention on Tuesday. This operation is part of a preliminary investigation carried out by the national financial prosecutor's office concerning the [...] The Sanofi articl…
The Paris headquarters of pharmaceutical giant Sanofi was raided on Tuesday as part of an investigation into suspected money laundering related to tax fraud, according to the National Financial Prosecutor's Office (PNF). This confirmed a report by Le Monde.
The investigation by the national financial prosecutor's office (PNF) concerns tax arrangements offered by Société Générale to large groups.
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