Naughty naughty... Michelin, Adidas and French oil company, Total are suspected of making use of Liechtenstein's noted tax haven status. French authorities are expected to commence a probe into these matters in the coming weeks, spinning out of their ongoing investigation into 60 other some-odd firms.

All three firms have previously denied having accounts with LGT, the Liechtenstein-based bank that has faced intense scrutiny since former employee, Heinrich Keiber turned whistleblower and spread the bank's business across law enforcement agencies of most of the world's developed countries.

More on the pending investigation right here.

And check out this piece from The Guardian on the changing regulatory scene in Liechtenstein.

-- MDT

Labels: Adidas, Heinrich Kieber, Michelin, money laundering, tax evasion, Total