Cahuzac Guilty, Admits to Having a Swiss Bank Account

Ex-Budget Minister Jérôme Cahuzac. Photo: Wikimedia Commons/Cyclotron

Ex-Budget Minister Jérôme Cahuzac.
Photo: Wikimedia Commons/Cyclotron

One week after resigning his post as French Budget Minister amidst a probe into his private bank accounts, Jérôme Cahuzac admitted on Tuesday, April 2 that he did in fact possess the alleged foreign bank account with Swiss bank, Reyl and Cie.

Despite his decision to resign on March 26, Cahuzac vehemently denied the existence of any such bank account to both the public and to President Francois Hollande personally. Hollande and French Prime Minister Jean-Marc Ayrault both pledged their support in wake of the scandal, maintaining Cahuzac’s innocence.

The scandal was an embarrassing blow to Hollande’s government, especially given Cahuzac’s aggressive policies on tax evasion.

Around 1:30 local time this afternoon, Cahuzac appeared before the financial bureau of the Ministry of Justice, and shortly after stated on his blog that he had put more than 600,000 euros into a Swiss bank account over a period of twenty years.

In his statement, Cahuzac apologized to the President, the Prime Minister, his colleagues, and the country for the “damage [he] caused” and asked for their forgiveness.

In addition, Cahuzac plans to officially admit possession of a Singaporean bank account. The ex-Budget Minister will be charged with tax fraud.

Trackbacks

  1. […] Cahuzac, and the secret, off-shore banking accounts in both Switzerland and Singapore that he admitted to possessing yesterday, April 2.  After months under investigation, Cahuzac confessed that the […]

  2. […] in his cabinet over the next year, especially after a number of communication gaffes and following former budget minister Jérôme Cahuzac’s resignation over his secret Swiss bank account. The Batho removal proves these speculations […]

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