McKinsey inquiry widened to cover election campaigns

The financial prosecutor has opened an investigation into the role of consultancy groups, including McKinsey, in the 2017 and 2022 French election races, when Emmanuel Macron was elected and then won a second term.

The financial prosecutor’s office confirmed that its current investigation into potential tax fraud by the US-based consultancy giant McKinsey had been widened to include consulting firms’ possible involvement in the two election races. Investigators are looking into allegations of “improperly keeping campaign accounts”, the “undervaluing of the role of consulting firms” and “favouritism”.