French authorities search 29 sites in preliminary Altice corruption investigation
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On 18 November 2025, France’s Parquet National Financier said more than 70 investigators searched 15 homes and 14 companies in France as part of a preliminary investigation opened in 2023. The investigation concerns alleged private corruption, organised fraud and organised money laundering affecting Altice.
The PNF alleges that shell companies were placed between Altice and certain suppliers, enabling the alleged overbilling of goods and services and subsequent laundering through French and foreign structures. No charges, pleas, convictions or settlements were reported. Authorities said they seized more than €14 million in bank accounts, as well as vehicles and luxury goods, with support from Eurojust and Portuguese authorities.