French authorities raid SocGen offices for second day, source says

Searches at Societe Generale鈥檚 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鈥檚 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 鈥渢ax fraud laundering,鈥� 鈥渙rganized or aggravated tax fraud laundering鈥� and 鈥渃riminal conspiracy,鈥� the same source said on Tuesday.