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

French prosecutors urge jail for tax dodging ex minister

byCT Report
21/02/2018
in Uncategorized
Share on FacebookShare on Twitter

PARIS: French prosecutors on Tuesday asked a court to uphold the three-year, tax-fraud sentence of a former Socialist budget minister who stashed hundreds of thousands of euros in a Swiss bank account. Jerome Cahuzac was forced to resign from government in 2013 after it emerged that that he had been squirreling away undeclared cash from his lucrative Parisian hair transplant clinic.

The revelations caused severe embarrassment to then president Francois Hollande, who had appointed Cahuzac to crack down on tax cheats. Pressed on the allegations, Cahuzac lied both to Hollande and parliament before finally coming clean. In the wake of the scandal France set up an anti-corruption agency and a national office to prosecute financial crimes. In 2016, a court jailed Cahuzac for three years for tax fraud and barred him from holding elected office for five years. The 65-year former political heavy-hitter appealed his sentence, prompting a retrial.

You might also like

FBR fails to recover Rs5.62b in taxes from 106 taxpayers

11/08/2026

Faheem Saigol stresses competitive access to Iranian market

11/08/2026

Addressing the defendant on Tuesday the public prosecutor said Cahuzac’s trial was his “greatest contribution” to the fight against tax fraud. Impunity is thinking that the law is only for others,” he said. If the appeal court returns a lighter sentence of two years or less, Cahuzac will likely not have to spend time behind bars and instead do community service. The court could, on the other hand, increase his sentence to up to five years in prison and a 375,000 euro ($460,000) fine, or follow the prosecutor’s recommendations by keeping it unchanged.

 

Related Stories

FBR fails to recover Rs5.62b in taxes from 106 taxpayers

byCT Report
11/08/2026

LAHORE: The Federal Board of Revenue has failed to recover Rs5.62 billion in taxes from 106 taxpayers across 14 field...

Faheem Saigol stresses competitive access to Iranian market

byCT Report
11/08/2026

LAHORE: Pakistan Industrial and Traders Associations Front (PIAF) Chairman and Lahore Chamber of Commerce and Industry (LCCI) President Faheem-ur-Rehman Saigol...

Neelum-Jhelum project unlikely to generate electricity before 2028

byCT Report
11/08/2026

ISLAMABAD: The Neelum-Jhelum Hydropower Project is unlikely to resume electricity generation before 2028, with repair work on the 979-megawatt facility...

Roshan Digital Account inflows rise 52pc to $282m in July

byCT Report
11/08/2026

KARACHI: Investment inflows through Roshan Digital Accounts (RDAs) increased by 52% year-on-year to $282 million in July 2026, reflecting stronger...

Next Post

Malaysia to sustain robust economic growth says Moody’s

  • 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.