Keyword: Guy Wildenstein
The delayed trial of the renowned art dealer Guy Wildenstein on tax fraud and money laundering charges has finally begun in Paris. Wildenstein and two other members of the Franco-American dynasty are accused of hiding from the tax authorities vast assets they inherited from the estate of Daniel Wildenstein senior, who died in 2001. The French authorities are claiming a total of 566 million euros in back taxes. Mediapart's legal affairs correspondent Michel Deléan has been in court to hear some of the extraordinary details in a trial that is expected to last for a month.
Guy Wildenstein, a 70-year-old Franco-American, faces up to 10 years in prison if convicted of the alleged offences over hiding his inherited fortune in offshore accounts, for which the tax authorities are demanding an adjustment of 553 million euros.
Guy Wildenstein denies claims he hid the bulk of inherited fortune from art-dealing family in funds stretching across multiple tax havens.
One of the world’s most prominent art dealers, Guy Wildenstein, is to stand trial in Paris next month on charges of tax fraud and money laundering. The case centres on undeclared assets from the estate of his late father Daniel Wildenstein, for which Guy Wildenstein and other members of his family have received a record tax adjustment totalling 550 million euros. Mediapart has gained access to the judicial document detailing the case for the trial, and which reveals the staggering sums involved and the complex offshore structures that hid, among other assets, a stash of prized artworks. Laurent Mauduit reports.