Jérôme Cahuzac

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Jérôme Cahuzac
PR-2012-05-15 IMG 1493 (crop).jpg
Junior Minister for the Budget at the Ministry of the Economy, Finance, and External Trade
In office
16 May 2012 – 19 March 2013
President François Hollande
Prime Minister Jean-Marc Ayrault
Preceded by Valérie Pécresse
Succeeded by Bernard Cazeneuve
Personal details
Born (1952-06-19) 19 June 1952 (age 64)
Talence, France
Nationality French
Political party Socialist (1977–2013)
Residence France
Occupation Surgeon

Jérôme Cahuzac (born 19 June 1952) is a French cosmetic surgeon and politician who, until his appointment as Junior Minister for the Budget at the Ministry of the Economy, Finance, and External Trade by President François Hollande on 16 May 2012, was a member of the National Assembly of France where he represented the 3rd constituency of Lot-et-Garonne on behalf of the Socialist Party.[1]

"Cahuzac Affair"[edit]

He resigned as a Minister in charge of fighting against tax fraud on 19 March 2013 due to tax fraud allegations but maintained he was innocent.[2] On 2 April 2013 he admitted on his blog that he had held a secret foreign bank account for about 20 years.[3] As a consequence, he was officially excluded as a member of the Socialist Party on 9 April 2013.[4]

On 3 April 2016, the Panama Papers leak confirmed former allegations adding details, that Cahuzac owned a Seychelles company named Cerman Group Limited, incorporated in 2009, whose director and shareholder were from other offshore companies. When French authorities were investigating allegations of tax fraud in 2013, and Seychelles authorities questioned Mossack Fonseca, the intermediate representing the undisclosed owner, they learned that Cahuzac was the owner. Mossack Fonseca told Seychelles authorities in 3 May 2013, that they severed ties, as Cahuzac was a high risk Politically Exposed Person; Cerman Group Limited was dissolved in January 2015.[5]

Jérôme Cahuzac is sentenced to three years in prison and five years of ineligibility on 8 December 2016

The Jérôme Cahuzac Affair

References[edit]

  1. ^ Office of the Secretary General (2012). "Jérôme Cahuzac" (in French). National Assembly of France. Retrieved 26 March 2012. 
  2. ^ "Jérôme Cahuzac démissionne". Libération (in French). 19 March 2013. Retrieved 19 March 2013. 
  3. ^ "France's former budget minister admits lying about secret offshore account". The Guardian. 2 April 2013. Retrieved 2 April 2013. 
  4. ^ "Le bureau national du PS exclut Jérôme Cahuzac à l'unanimité". Le Monde (in French). 9 April 2013. Retrieved 9 April 2013. 
  5. ^ "Panama Papers The Power Players/Jérôme Cahuzac". ICIJ The International Consortium of Investigative Journalists. 3 April 2016. Retrieved 3 April 2016.