French authorities raid SocGen offices for second day, source says

Reuters
Searches at Societe Generale’s offices in La Defense and Luxembourg are ongoing on Jun. 25, 2025, amid suspicions that the bank was offering fraudulent tax arrangements to major companies, including Lactalis, a judicial source told AFP. (AFP)
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  • The raids are part of a preliminary investigation opened in 2024

PARIS: French authorities searched Societe Generale’s offices in Paris and Luxembourg for a second day, as part of a tax fraud investigation, a judicial source said on Wednesday.

SocGen declined to comment.

The raids are part of a preliminary investigation opened in 2024 into the French bank, led by the prosecution office, for “tax fraud laundering,” “organized or aggravated tax fraud laundering” and “criminal conspiracy,” the same source said on Tuesday.

Topics: French authorities Société Générale tax fraud