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Belgium seizes €65 million in France McKinsey tax-fraud probe

Belgian authorities seized €65 million in a French investigation into suspected aggravated tax fraud and money laundering involving McKinsey, French and Belgian prosecutors said. Amount also cited as $76 million.

Belgian authorities have seized €65 million, or $76 million, in a French probe into suspected aggravated tax fraud and money laundering involving U.S.-based consultancy McKinsey, French and Belgian prosecutors said on Friday. The exchange rate given was $1 = 0.8610 euros.