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"Dubai papers": new conviction for a woman in France

2021-10-12T18:39:13.467Z

A woman was sentenced on Tuesday, October 12 to two years in prison with a suspended sentence and a fine of 1.75 million euros for laundering tax fraud in ...



A woman was sentenced on Tuesday, October 12 to two years in prison with a suspended sentence and a fine of 1.75 million euros for laundering tax evasion in a procedure initiated as part of the "

Dubai papers

", revelations about a vast system of tax evasion.

Read also "Dubai papers": a first conviction in France for tax evasion

Aged 60, this unemployed woman admitted her guilt during a hearing of "

appearance on prior admission of guilt

" (CRPC) and accepted the sentence, which had been proposed with the National Financial Prosecutor's Office (PNF). This sentence, two years' suspended imprisonment and a fine of 1.75 million euros, was approved by the court. This is one of the largest fines approved at a CRPC.

During the hearing, the representative of the PNF explained that this woman had learned in 1997 of the existence of a family inheritance of 115 million dollars, placed in a bank in Switzerland. Of this sum, which had been shared with other members of her family, she had inherited $ 25 million, which at the time represented a little more than 21 million euros.

In 2002, through her sister's companion, she was put in contact with one of the Croÿ brothers, who later founded the Helin group, and to whom she entrusted, via a donation, the management of its funds.

Until 2019, this group allows it, through a sophisticated interposition scheme of several trusts and banks, to hide these funds.

The beneficiary recovered part of this money, in particular via pre-loaded bank cards.

In 2019, with the revelation of the “

Dubai papers

” in the press, this person decided to come forward to the French courts.

It has since regularized its situation with the tax authorities, to the tune of 8.6 million euros.

To read also "Dubai papers": investigation into a system of tax evasion involving the Helin group

Following the revelations on the “

Dubai papers

”, a leak of 200,000 files, memos, emails, letters and faxes, the PNF opened on February 22, 2019 a preliminary investigation for aggravated money laundering of tax fraud.

In France,

L'Obs

revealed in September 2018 the “

offshore money laundering system in the United Arab Emirates

” organized via the Helin group with “

200 clients recruited by co-optation: Russian oligarchs, athletes, wealthy people, aristocrats and French business leaders

”.

In September, two business leaders had already been sentenced in Paris to nine months suspended prison sentence and a fine of 80,000 euros, as part of the “

Dubai papers

”.

Source: lefigaro

All news articles on 2021-10-12

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