How it all began, and how it all ended: Mediapart's first report revealing how French budget minister Jérôme Cahuzac, while leading a crackdown on tax fraud, had for many years held a secret bank account in Switzerland which was then transferred to Singapore, was published on December 4th 2012. After months of denials and lies before Parliament and the press, Cahuzac finally confessed to holding a foreign bank account on April 2nd, vindicating Mediapart's series of investigative reports, which are presented here.
Former French budget minister Jérôme Cahuzac has made a startling confession that he did indeed have an undisclosed foreign bank account, as originally revealed by Mediapart four months ago. Cahuzac, who resigned last month after a judicial investigation was launched into the affair, used his own blog to admit that he has held a foreign bank account “for some 20 years” and that it latterly contained 600,000 euros. In his statement, Cahuzac, who had earlier confessed to the two judges leading the investigation into what was until today suspicions that he had a secret foreign account, said he had been trapped in a 'spiral of lies' and begged the French public to forgive him. The former minister was immediately placed under investigation on Tuesday, a legal status that precedes charges, for "laundering the proceeds of tax fraud" and for "laundering funds originating from advantages provided by a company whose services or products are reimbursed by the Social Security [welfare system]”.
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