Prosecutors said in a written statement they wanted to provide clarification after Le Parisien newspaper reported that an investigation was underway into Macron’s 2017 campaign and its ties to US consulting firm McKinsey & Company.
Without citing Macron or his party, the prosecutors’ statement said that a judicial investigation was launched on October 20 regarding alleged “inconsistent campaign accounts” and “reduction of accounting items” in relation to consulting firms operating during the 2017 and 2022 election campaigns.
She added that another investigation was opened the next day regarding alleged favoritism in connection with these campaigns.
Criticizing Macron’s campaign over the McKinsey case
Le Parisien newspaper, citing anonymous sources, said the judges were focusing on the terms under which some key contracts between McKinsey and the state were concluded after Macron’s election.
McKinsey’s representatives in France did not comment on the investigation.
The investigation follows another investigation opened in March this year by French financial prosecutors over suspected tax fraud by McKinsey. The company said at the time that it “respects the French tax rules that apply to it”.
Macron said at the time that he was “shocked” by suspicions of tax evasion by consulting firms.
The so-called “McKenzie case” drew criticism from Macron’s opponents ahead of the French presidential elections that led to him winning a second term in April.
France has strict campaign finance rules that place limits on what a candidate is allowed to use.
For the 2022 presidential election, each candidate had a maximum of €16.8m for the first round and €22.5m for the second.
Several French politicians have been convicted over the years of overspending or attempting to conceal campaign spending, including the late former President Jacques Chirac.
Fellow former President Nicolas Sarkozy received a one-year prison sentence in September last year for illegal financing of his bid for re-election in 2012.
The judges concluded that Sarkozy had spent nearly twice the legal limit on his failed bid for a second term.
I have resumed.