Barber Franck Provost indicted for money laundering aggravated tax fraud

The public prosecutor said they received “several reports” from the use of “fraudulent software […] to divert recipes collected in cash”.

Le Monde

One of the bridges of the French hairstyle, Franck Provost, was indicted for “abuse of social property” and “organized band money laundering of aggravated tax fraud”, announced, Thursday, December 23, the parquet of Nanterre in a press release at the France-Press agency (AFP).

Since this indictment, intervened on Tuesday during his presentation to an investigating judge in Nanterre, the founder of the Provoliance group is under judicial supervision “with a deposit set at several hundred thousand euros”, said The floor.

According to the Crown, “several reports” were “transmitted by the current tax administration 2017 concerning the use of fraudulent cash register to divert revenue cash in a network of hairdressing salons” . The 75-year-old businessman is also indicted for “provision of materials and programs to commit offenses and attacks to automated data processing systems”.

Facts. ranging from 2001 to 2021

Contact by AFP, the Provoliance Group’s lawyer did not answer immediately. A preliminary investigation has been opened and entrusted to the National Brigade for the Fiscal Office of the Central Office for the Fight Against Corruption and Financial and Fiscal Offenses. The survey focuses on facts from 2001 to 2021.

On April 9, an opening of judicial information had resulted in the indicning of the Group Administrative and Financial Director. It includes offenses of “abuse of social property and complicity, abuse of confidence, tax fraud and complicity, whitening organized of aggravated tax fraud, illegal exercise of the profession of accountant, detention, offer, made available to Materials and programs to commit offenses and attacks to automated data processing systems “.

Provoliance is the number one of the hairdressing sector in Europe. Founded by Mr. Provost, the group holds seventeen signs, including the Vedets Franck Provost, Jean-Louis David or Saint-Algae, and relies on a network of nearly 3,000 lounges in 35 countries. The group was bought at the beginning of the year by an investment fund based in Brussels, Core Equity.

/Media reports.