The Local France

Equatorial Guinea leader's son to appeal France's suspended jail term

Sat, 04 Nov 2017 03:30:11 +0100

The son of Equatorial Guinea's leader, Teodorin Obiang, who was given a three-year suspended prison sentence in France for using public money to fund a jet-set lifestyle, will appeal the landmark ruling, his lawyer said on Friday.

Boules habit blows cover of Swiss fugitive in France

Fri, 01 Apr 2016 13:35:02 +0200

A Swiss financier suspected of money laundering who was on the run in the south of France for two years has been caught playing pétanque.

Drug racket laundered €100 million: minister

Tue, 16 Oct 2012 11:04:00 +0200

A Franco-Swiss drugs and money laundering racket smashed last week had legitimized at least €100 million, French Interior Minister Manuel Valls said on Monday.

Swiss and French cops swoop over drug money

Mon, 15 Oct 2012 11:17:00 +0200

French police have arrested 17 people, including the deputy mayor of a Paris district, in an operation with Swiss police into the suspected laundering of about €40 million (48 million francs, $52 million) of drug money.

French authorities storm Swiss bank's HQ

Wed, 19 Sep 2012 16:10:00 +0200

French authorities on Wednesday raided the Paris headquarters of Swiss bank UBS in connection with a probe into alleged tax evasion, a bank spokesman said.

Cars and yacht seized in laundering probe

Mon, 02 Jul 2012 12:35:00 +0200

A two-year investigation into a money laundering scheme, involving €1.7 million of goods being seized, has been concluded with the arrest of a 53-year-old local businessman in the Toulouse area.