French Authorities Raid 5 Major Banks in €100 Billion Fraud Investigation
French authorities have reportedly raided five major banks in a €100 billion fraud investigation, according to a report from Deutsche Welle (DW) on Tuesday. Moreover, the probe was connected to a potential money laundering case involving both the French and German governments. The searches have taken place within Paris and surrounding areas. Specifically, targeting four French banks, and one international one, according to a spokesperson for France’s Financial Prosecutors Office (PNF). Subsequently, the investigative efforts are said to be ongoing. JUST IN: 5 major banks raided by French authorities in €100 billion fraud investigation. • Societe Generale • BNP Paribas • Natixis • HSBC • Exane — Watcher.Guru (@WatcherGuru) March 28, 2023 Five Banks Targeted in French Investigation According to a report made Tuesday, French authorities have raided five major banks in a €100 billion fraud investigation. Additionally, the French and German governments are working to p...