Former French budget minister Jérôme Cahuzac (pictured) last month finally confessed to holding a secret foreign bank account over a period of some 20 years, but he has not publicly disclosed the sums that were paid into it, nor from where they came. However, there has been widespread speculation that the account was used to cash fees paid to Cahuzac for his services, during the 1990s, as a consultant for the pharmaceutical industry. Mediapart has now established that Cahuzac began a lucrative role as lobbyist for a drugs firm just months after leaving his senior post at the French health ministry where he was responsible for the market authorisations of medicines. Mathilde Mathieu and Michaël Hajdenberg report on an extraordinary conflict of interest that also raises serious questions over the conduct of Cahuzac’s former ministerial colleagues who allowed a drug he was lobbying for to continue to be subsidised by the social security system for several years after it was first earmarked to lose its status as a refundable medicine.
International Monetary Fund chief Christine Lagarde (pictured) is to be questioned next month by French judges investigating a case of 'misappropriation of public funds' and 'aiding and abetting falsification' concerning an award from public funds of 403 million euros paid to controversial French tycoon Bernard Tapie when Lagarde was French finance minister, Mediapart can reveal. According to well-informed sources contacted by Mediapart she wil be interrogated on May 23rd, when Lagarde faces being formally placed under investigation - a status one step short of being charged – by the magistrates from the Court of Justice of the Republic, a special French court which is designated to investigate suspected malpractice by government members in the course of their duties. Laurent Mauduit reports.
The still-unfolding scandal surrounding the secret foreign account of former budget minister Jérôme Cahuzac, first revealed by Mediapart last December, has rocked the French political establishment to its core. But it may not be the last such explosive revelation. For the private Geneva-based financial institution that Cahuzac used to manage his funds hidden abroad, Reyl & Cie, is alleged by several sources contacted by Mediapart to have provided its discreet services to other French personalities - including senior political figures. Dan Israel pieces together a secret and complex financial puzzle, with the help of insiders from the world of finance and banking in Geneva and Paris.
The mayors of several towns in the southern suburbs of Paris at the centre of a suspected corruption scam involving allegations of the fixing of public procurement contracts, bribes and influence peddling have still not been questioned by police who opened an official investigation into the graft claims more than five years ago. The allegations, including threats of violence, mystery gifts of luxury vehicles, holidays between mayors and those they award contracts to, paint a disturbing picture of connivance and graft, and raise serious questions about why the official investigation has stalled. Karl Laske reports.
French budget minister Jérôme Cahuzac is being investigated by the tax authorities over suspected irregularities in his tax statements, notably undeclared and under-declared assets, Mediapart can reveal with the publication here of a confidential document listing their queries. The tax inspectors’ enquiry is being led in parallel to a separate preliminary judicial investigation, launched last month, into Cahuzac's suspected 'laundering of the proceeds of tax fraud' relating to evidence that he held a secret Swiss bank account before entering government. Fabrice Arfi reports.
Nicolas Sarkozy is secretly attempting to set up a 1 billion-euro private equity fund, with plans for it to be based in London, and has begun prospecting wealthy individuals and institutions to back the scheme, financial and business sources have told Mediapart. According to concordant sources, the former French President (pictured) has made discreet contact with potential backers based in France, the Middle East and South-East Asia. Laurent Mauduit reports.
Xavier Niel earned significant amounts of cash in his early business career through investing in sex shops. But the billionaire’s real money was made in the telecommunications industry through his development and ownership of internet service provider Free. Here, in the second part of Mediapart's investigation into the influential businessman, Laurent Mauduit examines the crucial day on which Niel consolidated his control over the company that was to make his name and his fortune.
He is one of the most powerful and influential men in France today. Not only is Xavier Niel the founder and main shareholder of the country's second biggest internet service provider, Free, the billionaire businessman is also part-owner of the nation's best-known newspaper Le Monde. Such is his power – and personality – that he is not afraid to take on Google, while he is friends with some of the most prominent families who make up France's wealthy business elite. Yet in the late 1980s Niel was a 'brilliant but penniless' youth with no formal qualifications working as a technician in the twilight world of sex chatlines and dating in central Paris. In an investigation Mediapart charts Niel's career from his lucrative ownership of sex shops in Paris and Strasbourg to the day he seized total control of the company that would ultimately make him France’s 12th wealthiest man. Laurent Mauduit and Dan Israel report.
The Ecole Bilingue Active Jeannine-Manuel is a semi-private Paris school specialised in teaching in both French and English, where its 2,200 pupils are offered a complete lower education cycle from age 3 to 18. It has become the school of choice for parents among the capital’s political, business and showbiz elite, as well as others from the expat community, and boasts exceptional educational standards and means that provide a 100% pass rate for the school-leaving Baccalauréat exam. But, as Lucie Delaporte reports, a significant part of the funding of this high-performing school for the offspring of the rich and famous is met through a generous system of tax breaks.
Jérôme Cahuzac, the budget minister accused of having an undisclosed Swiss bank account until 2010, has withheld the truth surrounding the affair from the highest offices of state, Mediapart can reveal. Mediapart can disclose that the person who possesses the key recording on which Cahuzac (pictured) is heard discussing his bank account has himself approached the office of French President François Hollande to confirm it is genuine. Meanwhile email correspondence between the minister and friends shows that he himself does not deny the authenticity of the recording. And Mediapart can also reveal that the tax authorities have started to carry out thorough checks of the budget minister’s recent tax declarations, which appear to show numerous discrepancies. All of which, says Fabrice Arfi, is proof that Jérôme Cahuzac is in an untenable political situation.
