French Dairy Giant Lactalis Faces Tax Fraud Probe as Police Raid Offices
Source: The DairyNews
In a significant development, Groupe Lactalis, the prominent French dairy company, has come under scrutiny as police conducted raids on its offices.
The action is part of a preliminary investigation into alleged tax fraud, with estimates suggesting potential evasion of "several hundred million" euros, according to a statement from the financial prosecutor’s office.
Initially reported by Le Monde newspaper, the raids took place on Tuesday and are linked to suspicions that Lactalis may have compromised taxable profits. Lactalis acknowledged the operation in a statement, emphasizing that it was conducted "calmly" and pertained to "old facts."
The investigation, initiated four years ago, spans the period from 2009 to 2020. It was prompted by a complaint from a farmers union in 2019, and subsequently, the tax authorities provided mandatory tax disclosures three years later, leading to an extension of the probe.
As one of the key players in the dairy industry, Lactalis has faced various challenges and controversies over the years. The outcome of this tax fraud investigation will be closely watched, considering the potential financial implications and the company's standing in the sector.
Initially reported by Le Monde newspaper, the raids took place on Tuesday and are linked to suspicions that Lactalis may have compromised taxable profits. Lactalis acknowledged the operation in a statement, emphasizing that it was conducted "calmly" and pertained to "old facts."
The investigation, initiated four years ago, spans the period from 2009 to 2020. It was prompted by a complaint from a farmers union in 2019, and subsequently, the tax authorities provided mandatory tax disclosures three years later, leading to an extension of the probe.
As one of the key players in the dairy industry, Lactalis has faced various challenges and controversies over the years. The outcome of this tax fraud investigation will be closely watched, considering the potential financial implications and the company's standing in the sector.
