'French billionaire Dassault to face trial for tax fraud'

Image
AFP Paris
Last Updated : Mar 21 2016 | 9:32 PM IST
French billionaire industrialist Serge Dassault is to face trial on suspicion of stashing several million euros in Luxembourg and Liechstenstein, a source close to the investigation said today.
The case against the 90-year-old CEO of the Dassault Group, which holds a majority stake in Dassault Aviation, has been committed directly to trial without a preliminary inquiry.
The hearing is set for July 4, the source told AFP.
Dassault, who is a member of the French Senate, will also face questions about allegedly failing to disclose all of his assets to the French High Authority for Transparency in Public Life (HATVP), which tracks the income sources of public figures.
The HATVP said last year it had "serious doubts (about the) exhaustivity, exactitude and sincerity" of Dassault's filings.
Dassault, France's fourth wealthiest person with a net worth estimated at 13.6 billion euros ($15.3 billion) last year by Forbes magazine, is also under investigation in a vote-buying scandal involving a Paris suburb where he was mayor.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 21 2016 | 9:32 PM IST

Next Story