Vodafone examines Ono tax fraud claims
AFP · 27 Oct 2014, 16:38
Published: 27 Oct 2014 16:38 GMT+01:00
- UK's Vodafone pays $10b for Spanish firm Ono (17 Mar 14)
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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).