Hollande denies covering up minister's tax fraud
François Hollande denies he was aware of former Budget minister Jérôme Cahuzac's secret foreign bank account
François Hollande denies he was aware of former Budget minister Jérôme Cahuzac's secret foreign bank account
FRENCH PRESIDENT François Hollande has denied he was complicit in covering up €600,000 (£510,000) hidden by disgraced former Budget minister Jérôme Cahuzac in a secret foreign bank account.
In a shock admission, Cahuzac disclosed that – despite previously making vehement denials both in parliament and on television – he had held the money abroad for almost 20 years, prompting Hollande to broadcast an address in an attempt to soften the impact of the scandal, which threatens to destabilise his government.
Hollande insisted Cahuzac did not benefit from any governmental protection and branded his former tax tsar’s actions “unforgivable”, adding the revelations are “an outrage to the republic”. He then announced a string of reforms, including banning convicted fraudsters from holding public office and requiring all government ministers and members of parliament to publish details of their personal finances, the Guardian reports.
Critics, including head of the right-wing party UMP Jean-Francois Copé, said the president either “knew nothing, and that’s extremely serious because it means he showed a certain amount of naivety” or “he knew and that means he lied to the French people”.
Questions remain over where the funds in the account came from, but Cahuzac’s lawyer insisted it was generated by “his income as a surgeon” and “activity as a consultant”.
More about:
The numbers you crunch tell a story. Your expertis...
11yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleA new online disclosure facility has launched today giving offshore evaders a last chance to settle tax on their wealth hidden offshore ahead of new d...
View articleProsecutors in Luxembourg have called for tougher sentences for two former PwC employees found guilty in the Luxleaks tax scandal Read More...
View articleHMRC is under fire for allegedly obtaining warrants unlawfully for the detainment of four former KPMG partners Read More...
View articlePortion of stolen law firm files revealed to the public, days before world leaders meet to tackle financial corruption Read More...
View articleTaxman issues nearly 1,500 production orders last year to crack down on financial crimes Read More...
View articlePanama Papers anonymous whistleblower 'John Doe' reaches out to government authorities, and has called on global powers to 'end financial secrecy' Rea...
View articleGovernmental pressure to crack down on tax evasion is resulting in HMRC applying its criminal investigation policy in an inconsistent manner, writes K...
View articleChancellor releases tax return following the controversy surrounding tax affairs of politicians, reveals connection with accountancy firm HW Fisher &a...
View article