GO
Loading...

Enter multiple symbols separated by commas

Prosecutor to Open Tax Probe on French Budget Minister

Jerome Cahuzac
Miguel Medina | AFP | Getty Images
Jerome Cahuzac

The Paris Prosecutor's office said on Tuesday that it was opening a preliminary investigation into French Budget Minister Jerome Cahuzac over allegations that he had an undisclosed bank account in Switzerland.

The prosecutor's office said that given the sensitivity of the allegations, which Cahuzac denies, and the time it would take to investigate them, it had no option but to open an inquiry immediately.

"The Paris prosecutor has as a result decided to open a preliminary investigation for tax fraud," it said in a statement.


Contact Europe News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Europe Video

  • Mobile app success boosts Dominos

    David Wild, CEO of Domino's Pizza Group PLC, talks about getting involved in mobile tech, greater transparency on nutrition and expanding in Europe.

  • Will Russia hold rates on Friday?

    Joseph Dayan, head of markets at BCS Financial Group, explains why he thinks Russia's central bank will "pause and wait" when it comes to cutting interest rates.

  • Yellen has been 'crystal clear' on hikes

    Bob Parker, senior advisor of investment strategy & research at Credit Suisse, lays out expectations on how the U.S. Federal Reserve will hike rates over the next 18 months.