• France's news in English

Treasurer tax claims give Hollande new headache

AFP · 4 Apr 2013, 11:34

Published: 04 Apr 2013 11:34 GMT+02:00

Facebook Twitter Google+ reddit

The report in Le Monde newspaper emerged with Hollande on the defensive after his former budget minister, Jerome Cahuzac, was charged in a tax fraud probe after he admitted to having a secret foreign bank account and repeatedly lying about it.

Based on an investigation using leaked records, Le Monde reported that Jean-Jacques Augier, a 59-year-old businessman and the treasurer for Hollande's presidential campaign last year, had shares in two companies registered in the Caymans, a well-known tax haven.

Asked by the newspaper, Augier confirmed the existence of the firms and said they had been set up to form partnerships with foreign entrepreneurs.

"There is nothing illegal," Augier told Le Monde, which carried out the probe with the Washington-based International Consortium of Investigative Journalists and other international media.

The first firm, International Bookstores, was set up in 2005 so Augier could form a partnership with a Chinese businessman, Xi Shu, to break into the country's retail bookselling market, Le Monde said.

Augier said his partner had insisted on registering the company in the Caymans.

Story continues below…

A second firm was created in the Caymans three years later, this time with a group of international tour operators, Le Monde reported. The firm has since been moved to Hong Kong, it said.

Augier denied any wrongdoing, saying: "My adventurous nature is responsible. Maybe I lacked a bit of caution."

Facebook Twitter Google+ reddit

Your comments about this article

Today's headlines
Fifteen of the most bizarre laws in France
Photo: Matthew Powell/Flickr

A must read for anyone who wants to stay on the right side of the law in France.

'New migrants arrive in Calais' despite 'Jungle' clearance
Photo: AFP

While thousands of migrants have been bussed out around France, new ones are arriving all the time.

Medieval town in south of France upholds ban on UFOs
The town of Châteauneuf-du-Pape. Photo: Aa77zz/Flickr

Aliens take note.

American tourist dies at French Riviera sex club
The Riviera resort of Cannes. Photo: AFP

American tourist reportedly fell five floors after being pushed outside the underground sex club in Cannes.

Paris: 'Flying' water taxis to be tested on River Seine
Photo: SeaBubbles

An in Seine idea surely? But tests will go ahead.

France joins fight for rich pickings from post-Brexit UK
Photo: AFP/DcnH/Flickr

France tries to woo EU's bank regulator and other agencies.

How speaking French can really mess up your English
Photo: CollegeDegree360/Flickr

So you've mastered French, but now it's time to learn English all over again.

French claims that Jungle camp is empty are rubbished
Photo: AFP

Reports from the scene say scores of migrants are still in the area of the Jungle despite French authorities claiming "mission fulfilled."

Kidnapped Riviera millionaire left tied up in car boot in Nice
Photo: AFP

Head of luxury Cannes hotel has been found alive after being kidnapped in Nice on Monday.

Paris landlords still charging illegally high rents
Photo: Panoramas/Flickr

... and it's tenants in the smaller apartments that get hit the hardest. Could you be paying too much?

The annoying questions only a half French, half Brit can answer
Sponsored Article
Last chance to vote absentee in the US elections
Forget Brangelina's chateau - here are nine others you've got to see
The must-see French films of the millennium - Part One
How life for expats in France has changed over the years
Why Toulouse is THE place to be in France right now
Video: New homage to Paris shows the 'real side' of city
The 'most dangerous' animals you can find in France
Swap London fogs for Paris frogs: France woos the Brits
Anger after presenter kisses woman's breasts on live TV
Is France finally set for a cold winter this year?
IN PICS: The story of the 'ghost Metro stations' of Paris
How to make France's 'most-loved' dish: Magret de Canard
Welcome to the flipside: 'I'm not living the dream in France'
Do the French really still eat frogs' legs?
French 'delicacies' foreigners really find hard to stomach
French are the 'world's most pessimistic' about the future
Why the French should not be gloomy about the future
This is the most useful French lesson you will ever have. How to get angry
Why is there a giant clitoris in a field in southern France?
French pastry wars: Pain au chocolat versus chocolatine
Countdown: The ten dishes the French love the most
Expats or immigrants in France: Is there a difference?
How the French reinvented dozens of English words
jobs available