Listen to RFI News
Expand Player
 
Listen Download Podcast
  • Paris Live PM 1300 - 1400 GMT
    News bulletin 09/20 13h00 GMT
  • Paris Live PM 1300 - 1400 GMT
    News bulletin 09/19 13h00 GMT
  • Paris Live PM 1300 - 1400 GMT
    News bulletin 09/18 13h00 GMT
  • 13h00 - 14h00 GMT
    News bulletin 04/05 13h00 GMT
  • 13h00 - 14h00 GMT
    News bulletin 04/04 13h00 GMT
  • 13h00 - 14h00 GMT
    News bulletin 04/03 13h00 GMT
To take full advantage of multimedia content, you must have the Flash plugin installed in your browser. To connect, you need to enable cookies in your browser settings. For an optimal navigation, the RFI site is compatible with the following browsers: Internet Explorer 8 and above, Firefox 10 and +, Safari 3+, Chrome 17 and + etc.
France

Questions over purchase of luxury apartment by French foreign minister’s son

media Thomas Fabius, son of French foreign minister Laurent Fabius. AFP / Bertrand Guay

The public prosecutor in Paris is looking into how the French Foreign Minister’s son, Thomas Fabius, was able to spend seven million euros on a luxury apartment in one of Paris’ most exclusive areas.

In July last year, 31-year old Fabius bought a 280 metre square apartment that belonged to French film director Claude Zidi.

Tracfin, the French agency charged with investigating money laundering, was notified, but there was no inquiry launched, said Le Point, the magazine that broke the story.

“How was the son of the government’s second-in-charge, who pays no taxes even though he is a fiscal resident in France, able to acquire seven million euros without Bercy [France’s finance ministry] demanding to know more,” the magazine asked.

Fabius told the magazine he borrowed money from a bank, with a loan secured against his consultancy firm TF Conseils.

Other sources suggest to the magazine the money may have come from gambling wins.

In June 2011, Fabius was fined 15,000 euros for breach of trust for misappropriating 90,000 euros given to him by an investor to finance a smart-card payment system.

Related
 
Sorry but the period of time connection to the operation is exceeded.