The financial prosecutors' office said in a statement a Paris court had approved on Thursday, 2 September 2021, the settlement sealed with JP Morgan. The settlement follows a probe opened in 2012.
French authorities suspected the bank of helping top Wendel executives set up a profit-sharing entity that let them avoid taxes on EUR 315 million of investment gains in 2007 and 2008, according to malaymail.com.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.