Law enforcement officers on Tuesday searched five PwC offices in Germany as part of an investigation into suspected tax fraud by some of the firm’s partners.
Police raided an audit firm’s offices in Frankfurt and four other cities, along with the private residences of eight current or former employees, the Frankfurt prosecutor’s office said in a statement that didn’t identify the firm. PwC Germany later acknowledged that it was the target of the investigation, saying in an emailed statement: “Public prosecutor investigations happen all the time. We have precise processes and clear procedures for this, which our employees are aware ...