Press release from the Luxembourg State Prosecutor’s Office regarding an investigation into losses estimated at over 200 million euros

Searches were carried out, notably between 10 and 15 June 2026 inclusive, in Luxembourg and abroad as part of an investigation into losses estimated at over 200 million euros suffered by a Luxembourg investment fund.

The investigation, led by the Luxembourg State Prosecutor’s Office, Economic and Financial Department, led to searches at the premises of six individuals suspected of involvement in acts that may constitute, in particular, offences of misappropriation of company assets, fraudulent bankruptcy, fraud, breach of trust, forgery and use of forged documents, as well as money laundering.

In the same context, searches were also carried out at twenty-seven companies under investigation. Investigative measures were also carried out at several entities in the financial sector, including banks and life insurance companies. At this stage, these institutions are not the subject of the suspicions under investigation.

The measures were carried out in particular in Luxembourg City, in the Central region and in the Northern region of the country.

Investigative measures were also carried out in several foreign jurisdictions, notably in Monaco, Switzerland and Belgium, as part of international judicial cooperation.

Seizures of movable and immovable property were also carried out to ensure the enforcement of any subsequent confiscation.

The operation involved around sixty members of the Grand Ducal Police (SPJ-EF-EF, SPJ-EF-FA, SPJ-EF-EJ, SPJ-EF-EPPO, SPJ-AP-NT, UGAO-CAN, Syrdall Police Station)* and seven members of the Asset Management Office (BGA).

The Financial Intelligence Unit (CRF) also participated in this large-scale operation.

The investigation is ongoing. The individuals concerned are presumed innocent.

*SPJ-EF-EF, Grand Ducal Police, Judicial Police Service, Economic and Financial Crime Department, Economic and Financial Offences Section

SPJ-EF-FA, Grand Ducal Police, Judicial Police Service, Economic and Financial Crime Department, Training, Support and Methodology Section

SPJ-EF-EJ, Grand Ducal Police, Judicial Police Service, Economic and Financial Crime Department, International Judicial Assistance Section

SPJ-EF-EPPO, Grand Ducal Police, Judicial Police Service, Economic and Financial Crime Department, European Public Prosecutor’s Office Section

SPJ-AP-NT, Grand Ducal Police, Judicial Police Service, Support Department, New Technologies Section

UGAO-CAN, Grand Ducal Police, Guard and Operational Support Unit – Directorate, Canine Unit

Syrdall Police Station Grand Ducal Police, Centre-East Region – Directorate, Syrdall Police Station (C2R)

Press release by the Luxembourg State Prosecutor's Office