Vodafone probing 'tax fraud' at Spanish unit Ono| MENAFN.COM

Saturday, 25 June 2022 11:27 GMT

Vodafone probing 'tax fraud' at Spanish unit Ono

(MENAFN- AFP) 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 euros ($9.13 billion).

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