Bolloré faces tax evasion investigation

Vincent Bolloré, a billionaire and media mogul, is under investigation for potential tax evasion. The inquiry centers on whether he undervalued properties to avoid paying gift tax.

Undervalued properties in Paris

According to Mediapart, Bolloré sold two private mansions in villa Montmorency, a prestigious area in Paris’s 16th arrondissement, to his sons at an undervalued price. This allowed him to avoid paying 4.5 million euros in gift tax.

Valuation dispute

The report claims Bolloré underestimated the value of the mansions by half. This discrepancy in valuation is at the heart of the allegations against him for potentially evading his tax obligations.

Criticism of media funding

Bolloré has been criticized for heavily funding media outlets aligned with the far right, such as CNews, Europe 1, and Le JDD. These outlets have faced scrutiny for their political leanings and editorial content.

Tax and media spending contrast

Despite his significant financial support for these media outlets, Bolloré has shown less enthusiasm for paying taxes, according to critics. This contrast has drawn attention to his business and financial practices.