Societe Generale headquarters searched in Panama Papers probe
Source: Livemint
Paris: French tax police searched Societe Generale’s headquarters this week as part of an investigation into offshore accounts revealed by the Panama Papers, the bank said on Sunday.
The searches on 5 April were a “normal development in the context of such an investigation”, a spokesman for the bank said, declining to comment further.
According to the Journal du Dimanche newspaper, the searches were ordered to try to identify holders of offshore companies set up by the bank via Panamanian law firm Mossack Fonseca.
A leak of millions of files from the firm has cast a global spotlight on the creation of more than 200,000 companies in offshore tax havens, implicating scores of politicians and business figures.
Read more: http://www.livemint.com/Industry/1TPKg2B9msTktQnLQw00RP/Societe-Generale-headquarters-searched-in-Panama-Papers-prob.html
