L'Oreal billionaire heiress plot to move funds to Singapore to evade tax

France24, 21 Jun 2010
France's richest woman, L'Oreal heiress Liliane Bettencourt, pledged to declare all of her foreign assets on Monday to comply with French laws after she was caught on tape allegedly plotting tax evasion.
Transcripts of tapes published on the Mediapart website suggest Bettencourt funnelled 80 million euros in Swiss bank accounts and planned to move the funds to Singapore after France signed a tax cooperation deal with Switzerland. Full Story

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