Yahoo UK: Santander agrees to pay €22.6M to settle a longstanding tax fraud case in France, resolving a probe that began in 2011 into alleged irregularities in its tax dealings

The case has its roots in probes into tax avoidance and alleged fraudulent conduct related to past financial operations, which over many years led to criminal proceedings and legal scrutiny by French authorities; while Santander has agreed to the settlement to close the matter, such agreements typically do not require an admission of guilt and allow the bank to avoid protracted litigation…