French President Francois Hollande (R) attends a meeting with local civil society members at the Kingdom of Morocco"s National Library in Rabat
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France's President Hollande fights tax scandal

A financial scandal is threatening French President Francois Hollande, after it emerged that his former Socialist Party treasurer invested in two Cayman Islands offshore companies.

Jean-Jacques Augier, who managed Mr Hollande's campaign funds, told the daily Le Monde that there was "nothing illegal" in his tax haven affairs.

Meanwhile, ex-budget minister Jerome Cahuzac has been charged with fraud after he admitted that he had hidden about 600,000 euros (£509,000; $770,000) in a Swiss bank account.

Beth McLeod reports.

  • 05 Apr 2013
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