Cahuzac scandal: French ministers to declare assets

President Francois Hollande (left) talking to ex-budget minister Jerome Cahuzac, 3 Apr 13 The Jerome Cahuzac affair has forced Francois Hollande to make financial probity a key issue

Related Stories

The French government says the value of ministers' assets will be published by 15 April in a new transparency drive, amid a scandal over tax evasion.

The Socialist government also says it will present a draft law obliging MPs to declare their assets and introducing tougher penalties for financial fraud.

Currently ministers only have to declare any conflict of interest.

France's ex-Budget Minister Jerome Cahuzac has been charged with fraud over a secret Swiss bank account.

He admitted last week that he had hidden about 600,000 euros (£509,000; $770,000) in a Swiss bank account, causing shock in France.

The former conservative Prime Minister, Francois Fillon, declared his property on Monday evening.

He said he had bought his home in Sarthe for 440,000 euros 20 years ago, and now valued it at about 650,000 euros. He said he had less than 100,000 euros in savings, in several bank accounts. He also said he had two cars, each more than 10 years old.

President Francois Hollande was also embarrassed last week when it emerged that his former Socialist Party treasurer, Jean-Jacques Augier, had personal investments in two Cayman Islands offshore companies.

Mr Augier, who managed Mr Hollande's campaign funds, insisted there was "nothing illegal" in his tax haven affairs.

The conservative opposition says it is dissatisfied with the transparency measures announced so far and is demanding a thorough reshuffle of Mr Hollande's government.

Mr Hollande had promised voters morality and integrity in public life after what were nicknamed the "bling-bling" years of his conservative predecessor Nicolas Sarkozy.

But this year Mr Hollande's opinion poll ratings have slumped, as the country remains mired in recession with unemployment at 10.6%.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More Europe stories


Features & Analysis

Elsewhere on the BBC

  • Audi R8Need for speed

    Audi unveils its fastest production car ever - ahead of its Geneva debut


  • A robot holding a table legClick Watch

    The robots who build flat-pack furniture - teaching machines to work collaboratively

Try our new site and tell us what you think. Learn more
Take me there

Copyright © 2015 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.