French ministers to reveal wealth

PARIS — French government ministers are due to reveal details of their personal wealth as part of efforts by Francois Hollande to regain public trust.

The French president set today as the deadline for ministers to declare their assets publicly.

The move followed the scandal surrounding former Budget Minister Jerome Cahuzac, who is charged with tax fraud over a secret bank account.

Hollande’s popularity ratings have plummeted in the wake of the scandal.

Each of France’s 37 ministers is required to publish details of their personal finances on their government websites.

The list of assets is expected to include details of bank accounts, property and other expensive items such as cars, art works and antiques.

The exercise is designed to be eye-catching, and dispel some of the public disenchantment with politics that has developed in recent weeks.

Jerome Cahuzac caused shock earlier this month when he admitted he had hidden about ‚600,000 in a Swiss bank account, having repeatedly denied it.

He resigned from his government position and is now being investigated for tax fraud.

President Hollande has also been embarrassed by revelations that his former Socialist Party treasurer, Jean-Jacques Augier, held personal investments in two offshore companies in the Cayman Islands.

But politicians from the left as well as the right have derided the president’s demand for ministers to reveal their wealth – details of which emerged in the days leading up to today’s deadline.

Health and Social Affairs Minister Marisol Touraine, has said her declaration will show about ‚1.4 million in assets, based primarily on several properties in Paris. (BBC)

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