140:. Subsequently, he was condemned to three years in prison along with a 375,000 euro fine. The judges on the case deemed this sentence necessary because of the "traitorous" nature of his acts and words – "especially when put in contrast with his job responsibilities and requirements" said one of the judges. He can however decide to appeal the decision reached by the Justice officials. Conjointly, his ex-wife Patricia Cahuzac is standing trial next to him for "family fiscal fraud." Having, in addition to the things previously stated, participated in the creation of various
19:
168:, it is explained that the French secret services, along with multiple members of the Defense Committee, were in fact the key players in this story. It was revealed that they had worked together to gather information on his Swiss UBS bank account and tracked the money-trail that led to Singapore. Once it was done, they leaked their discoveries to the press and just waited for the whole affair to "blow-up."
115:. Mr. Cahuzac explained to his associate that his account with that bank was bothering him because he had no more use for it. It was later found that he had transferred all the funds present in that bank account to another one overseas. Here is a short part of the (French) scripted recording that accurately depicts the previously referred to situation:
111:. The recording originally took place towards the end of the year 2000, but was only revealed at the beginning of March 2013. It contained the voices of two individuals, Cahuzac and his wealth manager . Both were discussing a variety of financial and private matters. Among these matters, was that of his bank account with
159:
along with the armament industry. Mr. Cahuzac was planning on implementing huge budget cuts for the country's
Defense budget. Reports indicate that he was planning on bringing it down from 32 to 20 billion euros annually. By doing so, he would encourage the removal of dozens of ground military-units,
198:
as much as possible, a specific law is trying to be put forth and passed by the
National Assembly. This law states that a 75,000 euro fine and up to five years of prison was required for any elected politician or Member of Parliament who lies in front of Parliament about a fiscal or criminal matter.
188:
France's president and government subsequently decided to implement new reforms. There were two main reforms announced by
President Hollande following this incident. The first one encompasses the idea that elected politicians who have been condemned for fiscal fraud or corruption would be forbidden
176:
The
Cahuzac affair was impactful, and reforms ensued. The scandal weakened President Hollande's stature, as he was blamed for appointing Cahuzac at the start of his tenure. As a consequence of the movement that followed the Minister's resignation, a huge amount of skepticism and distrust settled in
131:
Cahuzac never categorically denied the authenticity of the recording. He is known to have said that out of all these minutes of conversation, there may have been a few seconds where it was indeed him speaking. Following the amount of press coverage, proof and criticism stemming from the recording's
147:
The reasons for the unraveling of this affair are numerous. The main reason stems from reporters, who saw huge potential in possible findings resulting from the thorough investigation of the bank accounts of France's newly appointed
Minister of Budget – who just so happened to previously be a
193:
or mandate. And the second one states that the financial details of each and every single minister and Member of
Parliament have to be examined and published. French laws do not sanction the lie of an elected politician in front of the National Assembly. However, to fight
45:
confirmed that
Cahuzac owned a Seychelles company named Cerman Group Limited, incorporated in 2009, whose director and shareholder were from other offshore companies. JĂ©rĂ´me Cahuzac was sentenced to three years in prison and five years of ineligibility on 8 December 2016.
77:'s presidential campaign team. He was given the task to handle the budgetary, financial and fiscal aspects of the campaign. After Mr. Hollande's success and election as France's President, Cahuzac was appointed Delegated Minister of Budget on 16 May 2012.
215:
conducted a study that indeed confirmed the preceding statement: 33% of France's citizens wanted
President Hollande to dissolve the National Assembly – one of the Fifth French Republic's most important and emblematic pillars.
177:
the country. Citizens and reporters started questioning and interrogating various politicians – thinking that some of them were also undoubtedly involved in the same sort of activities. Political figures such as
84:. The National Assembly is one of the two major political bodies in France. Currently 577 deputies make up the National Assembly. Along with the Senate, it forms the parliament of the
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477:
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597:
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The
Cahuzac affair's main aspects are the genesis and evolution of the financial crimes, the downfall of participants, and the reason for the scandal's unveiling.
908:
37:
allegations. He later admitted that he had held a secret foreign bank account for about 20 years. As a consequence, he was officially excluded as a member of the
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865:
365:
772:
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the cancellation of on-going military contracts for aircraft and helicopters, as well as the rumored removal of France's one and only aircraft carrier, the "
839:
132:
leakage, President
Hollande had no other choice but to release him from his duties as Minister of Budget on 19 March 2013. Mr. Cahuzac was accused of
73:
was elected President of the Finance, General Economy and Budgetary Control Committees of the National Assembly. Two years later, in 2012, he joined
62:
was then President of France, from 2007 to 2012. Following his five-year tenure, he lost the second round of the 2012 presidential election against
199:
These laws and new regulations were put in place after French politicians realized how dissatisfied the French population was. French news outlets
261:
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published a study that accurately depicted public opinion as indicating that 77% of French citizens deemed their country's politicians corrupt.
538:
511:
92:" to mayor, and back to deputy, Mr. Cahuzac made a solid name and reputation for himself, while, by 2016, when the scandal was
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119:"Ca me fait chier d’avoir un compte ouvert là -bas, l’UBS c’est quand même pas forcément la plus planquée des banques."
224:
As a consequence of such scandals, new laws were introduced to fight fiscal fraud, money laundering and perjury in
127:"The fact of having a bank account open there truly bothers me, UBS isn’t necessarily the most hidden of banks."
81:
80:
Cahuzac is a physician whose political career began in 1997 when he was elected to be a deputy of the
55:
416:
390:
161:
748:"Ces raisons qui auraient pu pousser l'armée française à vouloir se débarrasser de Jérôme Cahuzac"
723:"Ces raisons qui auraient pu pousser l'armée française à vouloir se débarrasser de Jérôme Cahuzac"
54:
The global financial crisis of 2008 is considered by many to be the worst financial crisis since
190:
136:
and fiscal fraud. He later admitted to having transferred 600,000 euros to a bank account in
85:
664:"Fraude fiscale : trois ans de prison ferme requis contre l'ex-ministre JĂ©rĂ´me Cahuzac"
631:"Fraude fiscale : trois ans de prison ferme requis contre l'ex-ministre JĂ©rĂ´me Cahuzac"
598:"Fraude fiscale : trois ans de prison ferme requis contre l'ex-ministre JĂ©rĂ´me Cahuzac"
74:
63:
8:
182:
156:
70:
30:
22:
185:(active politician and inspector of finances) were put under investigation as a result.
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systems. In 2013, the year following the divulging of Cahuzac's foreign bank accounts,
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Two other players that had a crucial role in the development of this affair were the
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This scandal was originally revealed with the publishing of a "secret recording" by
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478:"Hervé Dreyfus, ex-gestionnaire de fortune de Jérôme Cahuzac, mis en examen"
444:"Hervé Dreyfus, ex-gestionnaire de fortune de Jérôme Cahuzac, mis en examen"
314:
887:"Affaire Cahuzac : les trois réformes annoncées par François Hollande"
866:"Affaire Cahuzac : les trois réformes annoncées par François Hollande"
807:"L'affaire Cahuzac vient bousculer le travail de reconquĂŞte de Hollande"
93:
33:
resigned as a minister in charge of fighting against tax fraud due to
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34:
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152:. Mr. Cahuzac was at the centre of the stage for quite some time.
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58:. It left France and the rest of Europe exhausted and indebted.
840:"Affaire Cahuzac: l'audition très attendue de Pierre Moscovici"
565:"Le bureau national du PS exclut Jérôme Cahuzac à l'unanimité"
539:"L'enregistrement de Jérôme Cahuzac aurait été authentifié"
512:"L'enregistrement de Jérôme Cahuzac aurait été authentifié"
366:"France election 2012: voters suffering election fatigue"
315:"Jérôme Cahuzac : Biographie et articles – Le Point"
144:, she was consequently condemned to two years of prison.
112:
181:(Minister of Finance and Economy from 2012 to 2014) and
909:"Mentir à l'Assemblée pourrait bientôt être sanctionné"
25:
at the French Presidential Inauguration. 15 May 2012.
88:. Going from general counsel of the Department of "
975:"Pour 77 % des Français, les politiques sont"
942:"Pour 77 % des Français, les politiques sont"
1005:
773:"La piste de l'argent au menu du procès Cahuzac"
171:
476:Piel, Emeline Cazi et Simon (31 October 2013).
442:Piel, Emeline Cazi et Simon (31 October 2013).
96:, voters had grown distrustful of politicians.
17:
906:
1006:
804:
262:"Nicolas Sarkozy. Pourquoi il a perdu"
907:Frémont, Anne-Laure (4 April 2013).
475:
441:
312:
13:
805:Béguin, François (20 March 2013).
503:
14:
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536:
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670:(in French). 14 September 2016.
637:(in French). 14 September 2016.
604:(in French). 14 September 2016.
123:In English, this translates to:
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779:(in French). 7 September 2016.
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417:"Le compte Cahuzac | Mediapart"
391:"Le compte Cahuzac | Mediapart"
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164:." In an article published by
1:
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172:Political impacts and reforms
99:
49:
1014:Political scandals in France
219:
7:
981:(in French). 7 April 2013.
948:(in French). 7 April 2013.
571:(in French). 9 April 2013.
10:
1030:
268:(in French). 6 May 2012
226:France's parliamentary
26:
86:Fifth French Republic
56:1929's Black Thursday
41:. The release of the
21:
313:magazine, Le Point.
183:Jean-Jacques Augier
846:. 30 November 2016
27:
189:from any type of
162:Charles de Gaulle
82:National Assembly
75:François Hollande
64:Francois Hollande
29:On 19 March 2013
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134:money laundering
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150:plastic surgeon
142:shell companies
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60:Nicolas Sarkozy
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39:Socialist Party
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71:JĂ©rĂ´me Cahuzac
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31:JĂ©rĂ´me Cahuzac
23:JĂ©rĂ´me Cahuzac
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43:Panama Papers
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990:. Retrieved
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957:. Retrieved
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869:. Retrieved
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848:. Retrieved
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788:. Retrieved
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752:Atlantico.fr
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992:30 November
979:Le Monde.fr
959:30 November
946:Le Monde.fr
926:30 November
892:30 November
871:30 November
850:30 November
844:LExpress.fr
824:30 November
811:Le Monde.fr
790:30 November
777:Le Monde.fr
757:30 November
732:30 November
707:30 November
703:(in French)
681:30 November
668:Le Monde.fr
648:30 November
635:Le Monde.fr
615:30 November
602:Le Monde.fr
582:30 November
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545:(in French)
522:30 November
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482:Le Monde.fr
461:30 November
448:Le Monde.fr
427:30 November
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350:30 November
346:(in French)
324:30 November
319:Le Point.fr
298:30 November
294:(in French)
272:24 February
266:Paris Match
549:2 December
248:References
100:Key events
50:Background
987:1950-6244
954:1950-6244
921:0182-5852
913:Le Figaro
819:1950-6244
785:1950-6244
676:1950-6244
643:1950-6244
610:1950-6244
577:1950-6244
490:1950-6244
456:1950-6244
421:Mediapart
395:Mediapart
237:Le Figaro
220:Aftermath
166:Atlantico
138:Singapore
109:Mediapart
69:In 2010,
35:tax fraud
1008:Category
231:Le Monde
208:LeFigaro
537:BFMTV.
510:BFMTV.
202:LeMonde
196:perjury
985:
952:
919:
817:
783:
674:
641:
608:
575:
488:
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94:leaked
543:BFMTV
516:BFMTV
994:2016
983:ISSN
961:2016
950:ISSN
928:2016
917:ISSN
894:2016
873:2016
852:2016
826:2016
815:ISSN
792:2016
781:ISSN
759:2016
734:2016
709:2016
683:2016
672:ISSN
650:2016
639:ISSN
617:2016
606:ISSN
584:2016
573:ISSN
551:2016
524:2016
497:2016
486:ISSN
463:2016
452:ISSN
429:2016
403:2016
377:2016
352:2016
326:2016
300:2016
274:2021
234:and
211:and
213:LCI
113:UBS
1010::
977:.
944:.
911:.
842:.
809:.
775:.
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666:.
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
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