Ex-Mcdo execs face fraud probe

PARIS: French police on Wednesday (Thursday in Manila) questioned three former executives of the McDonald’s restaurant chain in France on suspicion they helped shift profits to the United States in order to cut French tax bills, prosecutors said.

The executives, including former McDonald’s France and later McDonald’s Europe chief executive officer, Denis Hennequin, were summoned by antifraud investigators at the behest of the National Financial Prosecutor’s office, said the prosecutors, confirming a report in the Canard Enchaine newspaper.