Europe News

Cahuzac scandal: Ministers to publish wealth details

French government ministers are due to reveal details of their personal wealth as part of efforts by Francois Hollande to regain public trust.

Cahuzac scandal: Ministers to publish wealth details
The Cahuzac scandal has heaped pressure on President Francois Hollande

The French president set Monday as the deadline for ministers to declare their assets publicly.

The move followed the scandal surrounding former Budget Minister Jerome Cahuzac, who is charged with tax fraud over a secret bank account.

Mr Hollande’s popularity ratings have plummeted in the wake of the scandal.

Each of France’s 37 ministers is required to publish details of their personal finances on their government websites.

The list of assets is expected to include details of bank accounts, property and other expensive items such as cars, art works and antiques.

The BBC’s Hugh Schofield in Paris says the exercise is designed to be eye-catching, and dispel some of the public disenchantment with politics that has developed in recent weeks.

Two Renaults

Jerome Cahuzac caused shock earlier this month when he admitted he had hidden about 600,000 euros (£509,000; $770,000) in a Swiss bank account, having repeatedly denied it.

He resigned from his government position and is now being investigated for tax fraud.

President Hollande has also been embarrassed by revelations that his former Socialist Party treasurer, Jean-Jacques Augier, held personal investments in two offshore companies in the Cayman Islands.

The scandals have further damaged Mr Hollande’s credibility among the French public.

But politicians from the left as well as the right have derided the president’s demand for ministers to reveal their wealth – details of which emerged in the days leading up to Monday’s deadline.

Health and Social Affairs Minister Marisol Touraine, has said her declaration will show about 1.4 million euros (£1.2m; $1.8 million) in assets, based primarily on several properties in Paris.

The junior minister for the disabled, Marie-Arlette Carlotti, said she had two apartments and a house in southern France, worth a total of 565,000 euros (£482,000; $740,000).

Culture Minister Aurelie Filippetti said she owned a 70-square-metre (750-square-foot) flat in Paris, adding more light-heartedly that she also possessed a David Beckham T-shirt.

Housing Minister Cecile Duflot, of the Greens, revealed she owned a house worth 168,000 euros (£143,000; $219,000) and two cars – a Renault Twingo worth 1,500 (£1,200; $1,900) euros and a Renault 4L, worth 10,000 francs at the time of purchase in 2000.

On his list, Industrial Renewal Minister Arnaud Montebourg declared a designer lounge chair worth about 4,000 euros (£3,400; $5,200).

Read fill article on bbc.co.uk

Article from: bbc.co.uk

We Recommend

The yoopya.com portal presents worldwide news, covering a large spectrum of content categories including Entertainment, Politics, Sports, Health, Education, Science and Technology and more. Top local and global news in the best possible journalistic quality. We connect users via a free webmail service and innovative.

Cahuzac scandal: Ministers to publish wealth details

Discover more from Top Local & Global trusted News | Secure Email Account

Subscribe now to keep reading and get access to the full archive.

Continue reading