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French Ex-Finance Minister’s Tax Evasion Trial Opens in Paris

© AFP 2023 / JOEL SAGET Jerome Cahuzac
Jerome Cahuzac - Sputnik International
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Legal proceedings into the case of former French Minister of the Economy, Finance and Industry Jerome Cahuzac’s tax evasion opens on Monday in Paris.

MOSCOW (Sputnik) — Cahuzac was appointed by French President Francois Hollande in 2012 to introduce tax hikes for wealthy citizens in order to counter corruption and restore the country’s economy.

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However, the former minister was forced to admit in 2013 that he had possessed some $700,000 deposited in a Swiss bank for over 20 years to avoid tax payments.

Cahuzac faces up to seven years in prison if found guilty of tax avoidance and fraud, as well as a $2.2-million fine.

The trial is scheduled to be held until February 18.

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