Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result

France’s former tax Tsar sentenced to three years in jail for tax fraud

byCT Report
28/12/2016
in Uncategorized
Share on FacebookShare on Twitter

PARIS: A former French minister who led a crackdown on tax evasion was on Thursday sentenced to three years in prison for hiding millions in offshore accounts, in a scandal that rocked François Hollande’s presidency.

A Paris court found Jerome Cahuzac, a cosmetic surgeon by trade who was made budget minister when Mr Hollande won power in 2012, guilty of tax fraud and money laundering.

You might also like

Gold price jumps Rs5,700 per tola

22/08/2026

PVARA completes Pakistan’s Virtual Asset Framework, opens licensing portal

22/08/2026

The crime was of “exceptional gravity” as it was committed by the man “who embodied France’s tax policy,” said presiding judge Peimane Ghaleh-Marzban when announcing the verdict.

The 64-year-old left the courthouse stony-faced and without commenting. His lawyer, Jean Veil, said he would appeal, adding: “Three years is too heavy.”

Mr Cahuzac, who ran a lucrative hair transplant clinic and conducted consultancy work for drugs companies before becoming a minister, resigned in disgrace in 2013.

After repeatedly denying the existence of offshore funds, even saying he was happy to look France “in the eyes” to swear he had done no wrong, he later issued a spectacular mea culpa, admitting to having held an undeclared account over 20 years, first in Switzerland and later in Singapore.

Related Stories

Gold price jumps Rs5,700 per tola

byCT Report
22/08/2026

KARACHI: Gold prices surged in both international and domestic markets, with the price of gold rising by $57 per ounce...

PVARA completes Pakistan’s Virtual Asset Framework, opens licensing portal

byCT Report
22/08/2026

ISLAMABAD: Pakistan’s Virtual Assets Regulatory Authority (PVARA) has opened its licensing portal for virtual asset service providers. The move completes...

KP approves Digital Payment Act to promote cashless economy

byCT Report
22/08/2026

PESHAWAR: The Khyber Pakhtunkhwa government has approved the Khyber Pakhtunkhwa Promotion of Digital Payment Act 2026, aiming to promote digital...

Aurangzeb, SRF delegation, discuss investment opportunities, economic cooperation

byCT Report
22/08/2026

ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb held a meeting with a high-level delegation of the Silk...

Next Post

UBS sees slower growth

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.