French authorities on Tuesday searched offices of several large banks, including Societe Generale, BNP Paribas and HSBC on the suspicion of money laundering and fiscal fraud, a spokesperson of the PNF financial prosecution office told Reuters.
Societe General confirmed the searches. The other concerned banks could not immediately be reached for comment.
The spokesperson confirmed earlier reports by paper Le Monde which said the probe was linked to dividend stripping and also hit Exane and Natixis.
Bank offices raided in France by financial prosecutors over dividend stripping, spokesperson confirms
Photo by Patrick Tomasso on Unsplash