French Cabinet Ministers to declare their assets

April 15, 2013 06:35 pm | Updated June 10, 2016 08:49 am IST - Paris

French Cabinet Ministers were to make public details of their personal assets on Monday, as the Government tries to deal with the fallout of a damaging tax scandal involving former Budget Minister Jerome Cahuzac.

The 37 Ministers were to disclose their bank accounts, securities, cash, properties, jewellery, art and cars. The details were to be published on the government website.

President Francois Hollande came under pressure to take a tough stance after Mr. Cahuzac was charged with tax fraud for lying about money he had stashed in a Swiss bank account.

Mr. Cahuzac stepped down after prosecutors said he would be investigated over the account and pledged to transfer the 600,000 euros (770,000 dollars) held in it to his French account.

The admission undermined Mr. Hollande’s 2012 election promise of a “republic above reproach” and raised questions about his judgement as he battles an economic crisis.

Foreign Minister Jean-Marc Ayrault has promised a package of measures to ensure transparency on the assets of politicians.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.