National Financial Prosecutors raided luxury properties on Cavallo Island and near Nice on Wednesday, targeting suspected organized money laundering linked to severe tax fraud, Boursorama reported.
- Financial investigators and the National Gendarmerie executed warrants on the southern Corsican island and the Niçois region.
- The operation targeted luxury real estate operations, including a high-end property agency and several private villas.
- A magistrate of the Parquet national financier oversaw the raids supported by aerial forces and digital forensic specialists.
National prosecutors deployed roughly twenty personnel from Corsica’s research section alongside digital investigators from the National Gendarmerie’s police unit. Boursorama reported that the National Financial Prosecutor’s Office confirmed the coordinated searches following initial coverage by Corse-Matin.
Investigators arrived via gendarmerie air support to examine luxury properties and a real estate agency. The inquiry centers on allegations of organized money laundering tied directly to severe tax evasion. Prosecutors have released minimal operational details regarding asset freezes or specific suspect identities.
Cavallo Island, frequently labeled the billionaires’ island, has faced persistent scrutiny over environmental and construction infractions. In September, Bastia’s correctional tribunal penalized local developer Antony Perrino and his father with fines totaling 500,000 euros. The court mandated the complete physical destruction of unauthorized bungalow installations.
Judicial authorities established that the developers installed 37 mobile residences covering 1,000 square meters between 2018 and 2024. These structures bypassed permits entirely within a protected natural zone governed by Bonifacio’s local urban plan. Jean-Philippe Navarre, the public prosecutor of Bastia, addressed the proceedings during a May hearing.
The core of this dossier is eight years of total contempt for urban planning to make money on the island of Cavallo, an area of lawlessness,
Navarre stated during the May proceedings.
| Entity Involved | Location | Judicial Action | Financial Penalty |
|---|---|---|---|
| Antony Perrino & Father | Cavallo Island | Destruction of 37 mobile units | 500,000 Euros |
| National Financial Prosecutor | Cavallo & Nice Region | Raids for tax fraud laundering | Under Investigation |
The gendarmerie’s digital forensics unit is currently processing electronic records seized during Wednesday’s multi-site operation. Prosecutors have not disclosed a timeline for potential formal indictments or asset seizures stemming from the residential and corporate searches. The National Financial Prosecutor's Office continues to supervise the investigation.
Disclaimer: The information provided in this article is for educational and informational purposes only and does not constitute financial advice.
