French authorities raided five banks on Tuesday as part of an investigation into suspected cases of massive tax fraud and money laundering, prosecutors said

TL;DR

Some 150 investigators conducted searches in Paris and the financial district La Defense, the financial prosecutor's office (PNF) said in a statement. The raids follow five preliminary investigations that were opened in December 2021 in connection with suspected money laundering and aggravated suspected tax fraud related to dividend payments, the statement said.

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