Vodafone examines Ono tax fraud claims
AFP - [email protected]
Published: 27 Oct, 2014 CET.
Updated: Mon 27 Oct 2014 16:38 CET
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).
Comments
See Also
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).
Join the conversation in our comments section below. Share your own views and experience and if you have a question or suggestion for our journalists then email us at [email protected].
Please keep comments civil, constructive and on topic – and make sure to read our terms of use before getting involved.
Please log in here to leave a comment.