Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Olympics-Police raid consulting agency as part as Paris 2024 probes -judicial source

Published 06/21/2023, 11:16 AM
Updated 06/21/2023, 11:21 AM
© Reuters. FILE PHOTO: The logo of the Paris 2024 Olympics and Paralympics Games is seen on the Pulse building, the headquarters of the Paris 2024 Olympics organizing committee, as a police search is currently underway, in Saint-Denis near Paris, France, June 20, 20

PARIS (Reuters) - The headquarters of the Keneo sports consulting agency have been searched by French police in the course of investigations into alleged corruption surrounding the Paris 2024 Olympics, a judicial source said on Wednesday.

Officials at Paris 2024 and Keneo did not immediately respond to Reuters' requests for comment on Wednesday.

The judicial source, who has direct knowledge of the matter but is not at liberty to discuss it, told Reuters that Keneo's headquarters were raided on Wednesday morning.

Keneo was linked to the Paris Olympics candidacy committee before the French capital was awarded the 2024 Summer Games in 2017.

On Tuesday, the headquarters of the Paris 2024 Olympics organising committee and those of its infrastructure partner were searched by police as part of investigations into alleged embezzlement of public funds and favouritism, prosecutors said.

The national financial prosecutor's office (PNF) said on Tuesday the Paris 2024 headquarters were raided amid a preliminary investigation launched in 2017 into contracts made by the Summer Games' organising committee.

The headquarters of SOLIDEO, the public body responsible for delivering Olympic and Paralympic infrastructure, were also being searched amid a preliminary inquiry dating to last year, after an audit by the Anti-Corruption Agency, the PNF added.

"Paris 2024 is cooperating actively with investigators to facilitate their enquiries and provide answers to all the questions raised as quickly as possible," a Paris 2024 spokesperson said on Tuesday.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.