New searches at Société Générale. After those of March 2023 linked to the so -called “cumcum” case – which concerned a widespread practice in the financial institutions consisting in setting up operations in order to bypass dividends tax due by the shareholders of listed companies -, the French bank again saw its premises of Defense and Luxembourg visited by some 80 investigators, eleven magistrates and specialized assistants (PNF), Tuesday, June 24, according to information from Monde.
The homes of five people, mainly bank executives, were also searched, confirms to the Monde A source close to the file. Four of them were placed in police custody. Contacted, Société Générale said she would not comment.
These operations, carried out by the National Antifraude Office, take place within the framework of a preliminary survey conducted by the PNF, opened since January 2024 for “money laundering”, “money laundering of tax fraud in organized or aggravated gang” and “association of criminals”. Justice wonders about the conditions under which a service of the great French bank was able to “Offer and make assemblies for essentially tax purposes for the benefit of large French companies. The facts are likely to have been committed since 2009 in France and abroad, especially in Luxembourg ”specifies a judicial source.
