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