French investigators, helped by counterparts in Belgium, confiscated more than €65 million on Aug. 19 tied to an ongoing tax case involving McKinsey & Co. A joint statement from France's financial prosecutor and his Belgian counterpart said the sum equates to $75.5 million and covers 96% of what France estimates it is owed.
Representatives for McKinsey did not provide an immediate comment when asked.
In a Friday statement, the Parquet National Financier said that investigators began interviewing both witnesses and suspects last year before seeking assistance from Belgian authorities. The investigation remains active, the PNF added.
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This is not a verdict, but it is a real move with money attached and a sign the case is progressing. If you own consulting or government-contract heavy names, it is a reminder that tax and legal overhangs can linger and resurface. The next updates to watch: any changes to the estimated tax loss, further cooperation steps with Belgium, and whether McKinsey ultimately faces new claims or clears them.
