Emmanuel Macron: Multi-million euro scandal could jeopardise French President's re-election

Emmanuel Macron put forward his vision for a 'start-up' France and that of the 'PowerPoint process' during his 2017 campaign. However, his links with the company McKinsey are now raising questions.

A 12 billion euro scandal

This may be the scandal of the French presidential elections. French journalist Matthieu Aron's report reveals some surprising data. It exposes the ambiguous relationship that the President maintains with the consulting firm McKinsey.

The candidate Emmanuel Macron is in top position in the polls, even if he sees his competitors Marine Le Pen and Eric Zemmour rising up little by little.

A commission of inquiry extracted publicly on March 16 reveals that McKinsey did not make tax payments in France over a period of...ten years! That is, from 2011 to 2020. The company, which was notably in charge of the vaccination campaign in France last year, was responsible for coordinating all the actors of the medical world, the advertising clips, and the 'wording' intended to reassure the future vaccinated.

Questionable political and financial interests

The commission accuses McKinsey of not having paid any taxes for ten years. The report by Matthieu Aron (interviewed by Marianne) links Emmanuel Macron's presidency and his political system with the functioning of the international company McKinsey. Moreover, a major player in the firm, Karim Tadjeddine, is said to be very close to Emmanuel Macron. Thus, the question of a conflict of interest arises.

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A vaccine campaign with exorbitant costs

The problem raised by senators was taken directly in hand by investigators from Bercy: McKinsey has not paid any taxes in France for ten years, while its turnover is established at 330 million euros.

Emmanuel Macron has not qualified his support this time to the famous McKinsey firm. Chosen by the government in 2021 to vaccinate as many French people as possible in the fight against Covid-19, it had among others 100 million euros of budget, accompanied by other consulting firms. If the influential company McKinsey has become so rich, it would therefore be primarily thanks to Emmanuel Macron.

This article has been translated from Oh!MyMag FR.