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Tax fraud: a French woman in her 90s and her son get two years suspended prison sentence and a fine of 1.75 million euros each

14/03/2024
Source : ORISHAS-FINANCE
Categories: Compliance

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It was on Tuesday, March 12, that a ninety-year-old French woman and her son were sentenced in Paris to two years in prison suspended and 1.75 million euros in

amende each for tax evasion, as part of the “Dubai Papers” affair, revelations about a vast system of tax evasion.

The National Financial Prosecutor's Office (PNF) proposed the sentence of the French nonagenarian and her son during an appearance with prior admission of guilt (CRPC), i.e. a guilty plea procedure, was approved by a judge. The two defendants tried for blanchiment tax evasion and tax evasion blanchiment aggravated between 2013 and 2019, found themselves guilty of the acts with which they were accused. The ninety-year-old woman convicted on Tuesday admitted to hiding 28 million euros from the tax authorities, about 37 million for her son. The latter has now “paid” its arrears to the tax authorities, underlined the president, namely 21 million euros

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