French financial prosecutors have intensified their investigation into corruption linked to the Altice group, owner of SFR. On November 18, a coordinated police operation resulted in the search of 30 homes and companies across France, including in Île-de-France, Corsica, Var, and Vosges. Authorities seized over €14 million from bank accounts, along with luxury vehicles and objects. The investigation, initiated in September 2023, focuses on a complex corrupt system involving shell companies that facilitated over-invoicing and money laundering, allegedly benefiting key instigators. The operation involved more than 70 investigators and was supported by Eurojust, in cooperation with Portuguese authorities, following the arrest of Armando Pereira, a close associate of Patrick Drahi, Altice’s owner. Pereira’s home was among those searched, and he has yet to be formally questioned. The case relates to charges of private corruption, organized fraud, and money laundering, stemming from accusations by Portuguese authorities. The French prosecutor emphasized the scale and complexity of the case, which is linked to ongoing discussions about the potential sale of SFR. Altice has not commented publicly on the investigation.