this building in the upscale neighborhoods seized from a mysterious businessman will be sold at auction

The case caused a stir at the end of 2024. Just before Christmas, the Paris Court of Appeal confirmed the record seizures in 2023, to the tune of 461 million euros,ur the heritage of the mysterious and extremely wealthy British Adrien Labisuspected of tax fraud. One of its buildings will be auctioned on February 6, 2025 at the Paris judicial court.

A building between avenue Montaigne and avenue George-V

This property, put up for sale at 43 million euros, is located at 5 rue du Boccador (8th arrondissement) in the capital's golden triangle, between avenue Montaigne and avenue George-V. The building is for residential, professional and commercial use. It is made up of two buildings, subdivided into 27 partly occupied apartments (including 3 duplexes and one under construction), a commercial premises under construction, 2 boxes being renovated into housing and an old lodge.

Targeted by a search warrant, Adrien Labi, owner of numerous buildings in the upscale neighborhoods of the capital, was placed in police custody in March 2023 as part of an investigation opened in 2015 by the National Financial Prosecutor's Office (PNF) for tax fraud. This investigation, entrusted to the Anti-Corruption Office (Oclciff), followed two complaints in 2014 and 2015 from the tax administration relating to a failure to pay income tax, solidarity tax on wealth then the tax on the real estate wealth of Adrien Labi in his capacity as economic beneficiary of a major real estate group in France.

A deposit of 30 million euros

Mr. Labi had been indicted for tax fraud and failure to make accounting entries in 2010 and 2011, as well as for tax fraud and laundering of this offense between the years 2018 and 2022, the PNF specified. He was placed under judicial supervision with the obligation to pay bail of 30 million euros. At the same time, the PNF opened a preliminary investigation on February 24, 2023 for organized laundering of aggravated tax fraud, while Adrien Labi's real estate group is suspected of not declaring capital gains made during tax sales. on companies.

According to an investigation by Monde published in 2015, this British millionaire born in 1953 in Libya owns dozens of buildings in the most luxurious neighborhoods of the capital via a real estate company domiciled in Denmark. The amount of this real estate portfolio was at the time estimated at 940 million euros. A discreet man, he is also an owner in England, California and Switzerland and sells collector cars, according to Le Monde. He would draw his fortune from his family but the origin of the funds remains a mystery.

With AFP

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