French minister admits to offshore account | AccountingWEB

French minister admits to offshore account

The French budget minister has been “moving every two days” to avoid paparazzi after he resigned for having an undeclared offshore bank account.

Jerome Cahuzac admitted to hiding €600,000 in an offshore account and lying about it, in the biggest scandal of socialist president Francois Hollande's term of office. 

The admission shook Hollande's government and forced the resignation of Cahuzac, who headed the socialists' fight against tax evasion, until his resignation on 19 March.

In the first interview since his admission, Cahuzac told French magazine La Depeche he no longer speaks to the media and is being hounded by paparazzi.

“I moved every two days to escape the pressure,” he said and didn’t deny claims that he...


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