Keyword: Jérôme Cahuzac
At the end of a two-week trial for tax fraud and money laundering, Paris prosecutors this week demanded a sentence of three years in jail for former socialist French budget minister Jérôme Cahuzac, and two years in prison for his former wife Patricia. The court will announce its verdict and sentencing in December. The trial was prompted by Mediapart’s exclusive revelations in 2012 of how Cahuzac, in charge of a crackdown on tax fraud in France, had held a secret bank account abroad for two decades. Michel Deléan and Fabrice Arfi report on the hearings.
Close to the end of a two-week trial, the prosecutor demanded that Jérôme Cahuzac, who was exposed by Mediapart for holding a tax-evading bank account abroad, be also barred from elected office for five years and that his wife be sentenced to two years in jail.
The trial of the former budget minister Jérôme Cahuzac for tax fraud and money laundering opened in Paris on Monday, the same day that it was revealed that French prosecutors want former president Nicolas Sarkozy to stand trial for “illegal financing” of his 2012 election campaign. Mediapart investigative reporter Fabrice Arfi says that such high-profile cases give us an insight into the ethics of public life in France. He argues that rather than simply looking the other way, the country needs to own up to the shameful nature of the situation.
Jérôme Cahuzac claimed in court he opened his first secret Swiss bank account in 1992 to fund political activities of the late Michel Rocard.
Serge Dassault, the head of the aviation and defence group that bears his name, a right-wing senator and France's sixth richest person, is accused of laundering the proceeds of tax fraud and of hiding part of his wealth from Parliamentary authorities. The trial, which started on Monday July 4th, focuses on cash hidden in offshore accounts which was allegedly later used to buy votes in the town near Paris where Dassault was mayor. As Yann Philippin reports, the origins of some of these accounts goes back to the days of Serge Dassault's father Marcel, who founded the aviation group.
The Panama Papers revelations have rocked the world with disclosures of how Panamanian law firm Mossack Fonseca mounted offshore financial structures for the rich and powerful that enable tax evasion and money laundering on a staggering scale. Beyond the sensational cases emerging in the leaked documents, Mossack Fonseca is also cited in several judicial investigations into some of the most important corruption scandals in France over recent years. Fabrice Arfi, Karl Laske, Mathilde Mathieu, Yann Philippin and Ellen Salvi report.
The trial of Jérôme Cahuzac, who Mediapart exposed for tax evasion and money laundering, is adjourned until September on a legal technicality.
The trial of the 63-year-old, who Mediapart revealed held a secret tax-dodging account in Switzerland for more than 20 years, opened in Paris on Monday.
Former French finance minister Jérôme Cahuzac will next month stand trial on charges of tax evasion and money laundering. The trial follows a two-year judicial investigation which was itself prompted by Mediapart’s revelations that Cahuzac held a secret bank account abroad, which he first denied before finally confessing in April 2013. Mediapart has gained access to the concluding report by the magistrates which details the evidence for sending Cahuzac for trial. Fabrice Arfi reports.
Budget minister was forced to resign in 2013 after Mediapart revealed that he held a secret Swiss bank account.
An official French watchdog that monitors the financial probity of holders of public office has alerted the Paris public prosecutor’s office to its “serious doubt” that a French Senator and two members of the National Assembly, the lower house, deliberately under-declared their assets to parliament “notably due to the omission” of their secret bank accounts in Switzerland. The cases of Senator Bruno Sido and MPs Lucien Degauchy and Bernard Brochand, all from the conservative opposition UMP party, emerge just one year after the socialist government’s budget minister Jérôme Cahuzac was forced to resign following Mediapart’s revelations of his secret account with Swiss bank UBS, and months after a junior minister was found to have avoided paying income tax for several years. Mathilde Mathieu reports.
After less than a fortnight in his new job, France's overseas trade minister Thomas Thévenoud has dramatically and abruptly quit over problems with his tax returns. According to Mediapart's sources, the new minister had not filled in his tax returns for several years. In a statement Thévenoud admitted to “delays” in his declaration and payment of tax owed, though stressed that the matter has now been sorted out. Nonetheless the sudden loss of another minister in this manner will come as a blow to the new government formed by prime minister Manuel Valls on August 26th, which saw the enforced departure of heavyweight economy minister Arnaud Montebourg. It also comes against a backdrop of poor economic results and plummeting opinion polls for Valls and, above all, President François Hollande. Mathilde Mathieu and Lénaïg Bredoux report.
The new watchdog overseeing the probity of France's elected representatives and officials has just published a report on the property and financial interests of government ministers. As expected the foreign minister Laurent Fabius came out top in the net worth stakes, followed by parliamentary relations minister Jean-Marie Le Guen who was obliged by the watchdog to re-evaluate upwards the value of his property, while Europe minister Harlem Désir emerges as the least well-off member of the government. But while the publication of the list is a welcome step towards transparency in public life after the débâcle of the Jérome Cahuzac affair, there are still some puzzling gaps and omissions on the list.
Amid a fast-developing dispute between the French and Swiss justice services, two Paris magistrates leading a judicial investigation into how former budget minister Jérôme Cahuzac established secret foreign bank accounts are this week due to question two Swiss bankers about their roles in helping him hide funds from the French tax authorities over two decades. François Reyl, CEO of Geneva bank Reyl & Cie and his father Dominique Reyl, founder of the company, have been summoned to appear before the magistrates on Tuesday and Wednesday, when they face being placed under investigation for ‘laundering the proceeds of tax evasion’. Agathe Duparc reports on the background to what may prove to be a legal watershed for the Swiss banking industry, whose 'professional confidentiality' the justice authorities in Bern have shown themselves keen to protect.
(See update at end of article page)