French budget minister and Swiss bank account affair: police open investigation

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A month after the publication of revelations that budget minister Jérôme Cahuzac held an undisclosed Swiss bank account until 2010, a formal investigation has been opened into the affair, Mediapart can reveal. The prosecution authorities have started a preliminary inquiry into the alleged 'laundering of the proceeds of tax fraud'. The investigation is being carried out by detectives from the national financial and tax investigation unit the Division nationale d’investigations financières et fiscales. Fabrice Arfi and Michel Deléan report.

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The affair involving French budget minister Jérôme Cahuzac and his undisclosed Swiss bank account is being investigated by the prosecution authorities, Mediapart can reveal.