Keyword: offshore accounts

Prosecutor urges fine and suspended jail term for Dassault

Billionaire and right-wing senator also faces call to be declared ineligible for public office for five years over hidden offshore bank accounts.

Billionaire Dassault on trial over hidden offshore cash

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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.