Vodafone Starts Audit Into Possible Tax Fraud at Ono Unit
This article is for subscribers only.
Vodafone Group Plc began an internal probe into possible tax fraud at Grupo Corporativo Ono SA, the Spanish cable operator it bought this year for 7.2 billion euros ($9.1 billion).
The mobile-phone carrier started “a forensic audit to investigate the facts relating to the alleged fraud” as soon as it became aware of the issue, Newbury, England-base Vodafone said yesterday, after El Pais newspaper reported the probe. Deloitte LLP is leading the investigation.