JPMorgan Fined €25M In Tax Fraud Settlement With France
By Matt Thompson (September 3, 2021, 2:51 PM BST) -- JPMorgan has agreed to a €25 million ($30 million) fine to settle long-running French government investigations into allegations of tax fraud, the French prosecutor's office confirmed on Friday.
French prosecutors agreed to settle with JPMorgan Chase because they said the company had cooperated with authorities in the tax fraud case. (AP Photo/Richard Drew)
The agreement was disclosed a week after prosecutors had argued that the big U.S. investment bank should be allowed to settle the case rather than proceed to a criminal trial because it had cooperated with authorities.
JPMorgan Chase & Co. is alleged to have provided financing in 2007...
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