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Sanofi (France) (SAN.PA) Halts Vial's Consulting Role Amid Probe of Cahuzac


4/26/2013 8:39:54 AM

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Sanofi (SAN) said a consultant to Chief Executive Officer Chris Viehbacher is no longer advising the company after authorities searched his office at the drugmaker as part of a tax probe of a former French minister. Investigators probing former Budget Minister Jerome Cahuzac are looking into his dealings with Daniel Vial, a lobbyist and consultant to the pharmaceutical industry, the Le Parisien newspaper said today. Authorities are looking into whether an offshore bank account held by Cahuzac contained money he received from drug companies, the newspaper said. “Under a mutual agreement, the consulting mission of Mr. Vial was suspended, so that he can dedicate himself to his matters,” Jean-Marc Podvin, a spokesman for Paris-based Sanofi, said in an e-mailed statement to Bloomberg News today.

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