November 14, 2024
French and Dutch investigators raid Netflix offices in probe of suspected financial wrongdoing #FrenchFinance

French and Dutch investigators raid Netflix offices in probe of suspected financial wrongdoing #FrenchFinance

CashNews.co

PARIS (AP) — Prosecutors and police investigators who specialize in fighting fraud and corruption raided Netflix (NFLX) offices in France and the Netherlands on Tuesday, in a probe of suspected financial wrongdoing, judicial officials said.

French and Dutch authorities have been working together for many months on the investigation centering on the suspected laundering of tax fraud and off-the-books work, said a judicial official in France who spoke on condition of anonymity because of French secrecy laws that apply to judicial probes.

PARIS, FRANCE - NOVEMBER 05: The Netflix logo is seen at the entrance to the headquarters of U.S. entertainment company Netflix on November 05, 2024 in Paris, France. The French publication Marianne reported that Netflix offices in Paris and Amsterdam were searched on Tuesday morning by investigators specializing in financial crime. (Photo by Chesnot/Getty Images)
The headquarters of Netflix on November 05, 2024 in Paris, France. (Chesnot/Getty Images) · Chesnot via Getty Images

French police investigators carried out searches of the streaming giant’s French headquarters, the judicial official said. The investigators from a police brigade that specializes in major tax fraud, money laundering, corruption and white-collar financial crime were accompanied by officials from the French national prosecutors’ office that also combats financial crimes, the official said.

The probe was opened in November 2022, the official said.

In the Netherlands, Dutch prosecutors also raided Netflix’s European headquarters in Amsterdam. Emma Bosma, a spokesperson for the National Office for Serious Fraud, Environmental Crime and Asset Confiscation, said the raid was carried out at the request of French authorities.

Netflix didn’t immediately reply to a written request for comment sent to its online media center about the raids and the probe.

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AP correspondent Mike Corder in The Hague, Netherlands, contributed.

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