By AML Intelligence Correspondents
Belgian authorities have seized €65 million ($76 million) in a French investigation into suspected aggravated tax fraud and money laundering involving the U.S.-based consulting firm McKinsey, French and Belgian prosecutors said on Friday.
In a statement, McKinsey said it was cooperating with French authorities and denied any wrongdoing.
“We reaffirm that we are committed to complying with our tax obligations in France and in every country that we operate in. We remain fully focused on serving our clients in France and continue to do so to the highest professional standards”, the statement said.
The National Financial Prosecutor’s Office (PNF) opened the investigation in March 2022 following a French Senate inquiry into the growing influence of private consulting firms on public policy.
McKinsey offices were searched in May 2022, while witnesses and suspects were questioned in 2025 and 2026, the statement said.
The PNF also sought assistance from Brussels’ Prosecutor’s Office.
Belgian authorities seized €65.2 million, corresponding to 96% of the tax loss estimated by French prosecutors.
The preliminary investigation continues, the prosecutors said.
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