Thursday, 28 May 2020

French power couple given jail terms for money laundering

Patrick and Isabelle Balkany, Paris suburb’s mayor and deputy, hid €13m from tax authorities A rightwing power couple who have run a rich Paris suburb for almost 40 years and who are close friends of the former president Nicolas Sarkozy have been given prison sentences for money laundering. Patrick Balkany, the mayor of Levallois-Perret, and his wife, Isabelle, were convicted of hiding at least €13m from tax authorities via a complex network of offshore companies between 2007 and 2014. Continue reading...
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