President Francois Hollande’s effort to ask the French to tighten their belts was dealt a blow this week after the minister he’d charged with fighting tax evasion admitted to a secret overseas bank account.
Former French President Nicolas Sarkozy, named a suspect late yesterday by judges probing claims he took advantage of billionaire Liliane Bettencourt’s mental frailty to access her money, rejected charges of any wrongdoing.
Former French President Nicolas Sarkozy was named as a formal suspect by judges probing claims he took advantage of billionaire Liliane Bettencourt’s mental frailty to access her fortune, Bordeaux prosecutors said.
French Labor Minister Eric Woerth said his wife is stepping down from her job managing assets for L’Oreal SA heiress Liliane Bettencourt , whose alleged tax irregularities have kicked up a political storm in the country.
French Labor Minister Eric Woerth intervened in 2008 when he served as budget minister to help the heirs of French sculptor Cesar get 27 million euros ($36 million) in tax relief, Liberation reported, citing excerpts from a letter signed by Woerth and dated April 24, 2008.
French Labor Minister Eric Woerth’s prospects as a potential candidate to become prime minister faded after his alleged entanglement in a conflict of interest case involving L’Oreal heiress Liliane Bettencourt, La Tribune said, without citing anyone.
French President Nicolas Sarkozy won’t accept changes to his plan to raise the retirement age or balance the pension system’s accounts by 2018, Labor Minister Eric Woerth said as parliament starts debate on the measure.