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France’s ex-budget minister faces probe over assets

Disgraced former minister Jérôme Cahuzac placed under formal investigation for allegedly failing to fully disclose his financial holdings to state.

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France’s former budget minister Jérôme Cahuzac was hit with yet another formal investigation in connection to a tax evasion scandal, but this time for allegedly failing to disclose all of his financial assets to the state, judicial sources said on Wednesday, reports FRANCE 24.

Cahuzac resigned from government on March 19 amid an embarrassing investigation into allegations he had stashed money away in a Swiss account. In the months leading up to his departure, Cahuzac adamantly denied the reports, which first surfaced on the French investigative site Mediapart in late 2012.

Read more of this report from FRANCE 24.

Read Mediapart's exclusive stories on the Cahuzac affair here.