Arab Today, arab today french budget minister probed for tax fraud
Last Updated : GMT 23:57:51
Arab Today, arab today
Arab Today, arab today

French budget minister probed for tax fraud

Arab Today, arab today

Arab Today, arab today French budget minister probed for tax fraud

Paris - AFP

French Budget Minister Jerome Cahuzac is under investigation for tax fraud after a media report that he had an undeclared UBS account in Geneva which he then moved to Asia, prosecutors said Tuesday. Cahuzac, who is in charge of battling tax evasion, welcomed the investigation, which he said would prove his \"complete innocence,\" calling the allegations \"absurd\". President Francois Hollande, other ministers and the Socialist Party have all given their support to Cahuzac. The minister has denied the report by the respected Mediapart investigative website that he had an undeclared Swiss account until 2010, when he transferred the funds to Singapore. Mediapart said it had a \"trace\" of a conversation between the minister and one of his former aides in which he allegedly fretted about the UBS account and then said he had \"dealt with the matter\". Investigators will \"without further delay verify the authenticity and the contents of the recording... to reach the truth,\" prosecutors said in a statement. Cahuzac has denied figuring in the recording reported by Mediapart, saying: \"In the three-minute-40-second recording, there are four to five seconds when it could be me, but it seems it is not me.\" Mediapart alleged Cahuzac made a discreet trip to Geneva to close the account. The news site released an audio recording reportedly of Cahuzac admitting to having the account. In the recording, a man is heard saying: \"It bothers me to have an account there, UBS is not necessarily the most hidden of banks.\" Mediapart said it confirmed the information with a former tax official, who had raised the existence of the account in a memo to his superiors in 2008, and with a source at UBS. In a statement after the report was released, Cahuzac said the evidence presented by Mediapart was neither \"impressive\" nor \"convincing\". \"I do not have, and have never had, a bank account in Switzerland or elsewhere abroad,\" he said. \"No credible witness can assert or try to corroborate something that does not exist and has not existed.\"Mediapart is known for its investigative reporting and in 2010 broke the story of a campaign financing scandal involving ex-president Nicolas Sarkozy and L\'Oreal heiress Liliane Bettencourt. Cahuzac, who is a civil plaintiff in a judicial probe into French residents suspected of tax fraud, has announced sweeping measures to fight tax evasion. He said he had asked his lawyers in December to get a certificate from UBS to state he never had an account nor any commercial transactions with the bank. Little-known before being named a minister, Cahuzac began his career as a cardiologist before switching to the more lucrative world of plastic surgery, in particular hair transplants. Elected to the National Assembly in 1997, he headed its commission on public finances and was named budget minister when Hollande formed his first government. French media reported in October that Cahuzac\'s 300-square-metre (3,230-square-foot) apartment in Paris\'s exclusive 16th district was robbed, with thieves taking 100,000 euros ($130,000) worth of luxury watches.3

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today french budget minister probed for tax fraud Arab Today, arab today french budget minister probed for tax fraud

 



Arab Today, arab today
Arab Today, arab today Nasima Gamei revives Algerian heritage in jewelries

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives Algerian heritage in jewelries
Arab Today, arab today Saudis await visitors but will they come?

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Blind sheikh buried in Egypt

GMT 06:32 2017 Thursday ,23 February

Blind sheikh buried in Egypt
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 16:32 2017 Wednesday ,22 February

US Treasury chief tells IMF to monitor currencies

GMT 16:08 2017 Wednesday ,22 February

Qatari banks merger to rebalance financial sector

GMT 05:57 2017 Wednesday ,22 February

Britain risks clash with EU over RBS bailout

GMT 05:26 2017 Wednesday ,22 February

Singapore carbon tax would hit refiners, help renewables

GMT 05:18 2017 Wednesday ,22 February

Chinese PM: US should avoid ‘trade war,’

GMT 20:59 2017 Tuesday ,21 February

Economy good, but homes in German cities overpriced

GMT 05:29 2017 Tuesday ,21 February

Sovereign funds pulled $38bn from markets in 2016
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Salma Rashid happy for 'A Whisper of Love'

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday