• France's news in English

Shamed former minister 'hid €2.5m in UK account'

Ben McPartland · 13 Mar 2014, 10:07

Published: 13 Mar 2014 10:07 GMT+01:00

Facebook Twitter Google+ reddit

Cahuzac’s estranged wife Patricia admitted the existence of the Isle of Man account to authorities investigating her husband on charges of tax fraud, French newspaper Sud Ouest claimed.

Cahuzac, who in his role as budget minister was in charge of cracking down on tax cheats, was sacked in April last year after finally admitting that reports he had stashed €600,000 in a Swiss bank account were true.

But many sources close to the investigation suggested that the plastic surgeon had actually tried to keep a much larger sum of money away from the French tax man.

Le Parisien newspaper said sources in Switzerland claimed Cahuzac had actually tried to hide as much as much €15 million.

The hunt to track down the ex-minister’s money led investigators to the Isle of Man, where an account containing the equivalent of around €2.5 million was opened between 1997 and 2004, Sud Ouest claimed on Thursday.

The funds were then invested in the UK property market, Patricia Cahuzac is alleged to have told investigators, who are reportedly set to visit to London to try to verify her testimony.

Patricia Cahuzac was herself charged last August on for tax fraud and laundering the proceeds of tax fraud as part of the probe into her husband.

Story continues below…

Cahuzac, who had initially refuted the allegations, describing them as "crazy", eventually issued an apology and said he was 'devastated by guilt'.

The minister, who faces five years in prison and a fine of up to €375,000 said he had been "caught up in a spiral of lies and lost his way."

Ben McPartland (ben.mcpartland@thelocal.com)

Facebook Twitter Google+ reddit

Your comments about this article

Today's headlines
How life for expats in France has changed over the years
A market in Eymet, southwestern France. Photo: AFP

Foreigners in France explain how life has changed over the years.

London calling for Calais youths, but only a chosen few
Photo: AFP

Dozens of Calais minors are still hanging their hopes on help from the UK, but not all will be so lucky.

17 different ways to talk about sex in French
Photo: Helga Weber/Flickr

Fancy a quick run with the one-legged man?

Yikes! This is what a rat-infested French jail looks like
Photo: YouTube/France Bleu TV.

This video is not for sufferers of ratophobia (or musophobia as the condition is officially called).

France to allow Baby Jesus in Town Halls this Christmas
Photo: AFP

Mary, Joseph, and baby Jesus are safe to go on display again this year, it seems.

National Front posts locations of migrants in French town
The National Front courts controversy. Photo: AFP

"Local tax payers have a right to know," says local far-right party chief.

Paris thieves use tear gas to steal €500,000 of watches
Photo: AFP

The thieves pretended to be couriers then threatened staff with tear gas to get the watches.

Bataclan survivor recounts attack in chilling drawings
Photo: BFMTV screengrab

One survivor has recounted the horrific night through illustrations.

Anger among French police grows as Hollande vows talks
French police demonstrate on the Champs Elysées. Photo: AFP

A fourth night of protests shows government efforts to ease anger among French police have been fruitless.

UK border must move back, says 'next French president'
Photo: AFP

If favourite Alain Juppé is elected, Britain and France are in for some difficult negotiations.

Sponsored Article
How to vote absentee from abroad in the US elections
Why Toulouse is THE place to be in France right now
Sponsored Article
Last chance to vote absentee in the US elections
Video: New homage to Paris shows the 'real side' of city
The 'most dangerous' animals you can find in France
Sponsored Article
How to vote absentee from abroad in the US elections
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
The ups and downs of being both French and English
How Brexit vote has changed life for expats in France
Twelve French insults we'd love to have in English
What's on in France: Ten of the best events in October
jobs available