Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland

Vodafone examines Ono tax fraud claims

Share this article

Vodafone examines Ono tax fraud claims
British firm Vodafone purchased cable company Ono for €7.2 billion ($9.13 billion) earlier this year. Photo: Justin Tallis/AFP
16:38 CET+01:00
Mobile phone giant Vodafone said Monday it was investigating allegations of tax fraud at its recently-acquired Spanish unit Ono.

It comes after a recent report in Spanish newspaper El Pais that cable company Ono had failed to declare an amount of value-added tax in alleged fraud before Vodafone's takeover earlier this year.

Vodafone said that as soon as it became aware of the issue, the company "instigated a forensic audit to investigate the facts relating to the alleged fraud".

"As this matter remains under investigation, we cannot comment further," it said.

 The British firm purchased Ono for €7.2 billion ($9.13 billion).

Get notified about breaking news on The Local

Share this article

From our sponsors

Change the world with a master's degree from Sweden's Linköping University

Master's students at world-leading Linköping University (LiU) aren't there simply to study. They solve real-world problems alongside experts in fields that can create a better tomorrow. Do you have what it takes to join them?

Advertisement