Police raid Netflix, NFLX, offices in Paris and Amsterdam over suspected tax fraud

Police raid Netflix, $NFLX, offices in Paris and Amsterdam over suspected tax fraud.

Prosecutors and specialized anti-fraud investigators raided Netflix (NFLX) offices in France and the Netherlands on Tuesday as part of an investigation into suspected financial misconduct, judicial officials reported.

Authorities in France and the Netherlands have been collaborating for several months on the case, which focuses on suspected tax fraud laundering and undeclared work, according to a judicial official in France who requested anonymity due to judicial secrecy laws.

French investigators searched Netflix’s French headquarters, assisted by officers from a police brigade that handles major financial crimes, including tax fraud, money laundering, and corruption, as well as officials from the national prosecutors’ office that specializes in financial crime.

The investigation was initiated in November 2022, the official confirmed.

In Amsterdam, Dutch prosecutors also searched Netflix’s European headquarters at the request of French authorities, said Emma Bosma, spokesperson for the National Office for Serious Fraud, Environmental Crime, and Asset Confiscation.

Netflix has yet to respond to a request for comment regarding the raids and ongoing investigation.