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French prosecutor recommends 3-year jail sentence for ex-budget minister for tax fraud

Xinhua, September 14, 2016 Adjust font size:

French financial prosecutor on Wednesday sought a three-year jail sentence for ex-budget minister Jerome Cahuzaac over charges of tax fraud and money laundering.

The prosecutor also recommended a five-year ban from seeking elected office, news channel BFMTV reported.

In March 2013, Cahuzac, known as the toughest budget-watcher in the Socialist Party, was forced to resign from his ministerial post and later confirmed allegations of holding a secret 600,000-euro (about 672,000 U.S. dollars) foreign bank account.

The Cahuzac scandal sparked after a media report he had moved his undeclared account in Geneva to Singapore in 2010.

As the Socialist government's ex-budget minister, Cahuzac was responsible for the cracking down on tax evasion, and also the key supervisor for the new tax policies on riches proposed by President Francois Hollande. (1 euro = 1.12 U.S. dollars) Endit