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France's Fabius denies 'rumour' of Swiss bank account

France's Foreign Minister Laurent Fabius on Sunday denied a "rumour" in a newspaper report claiming that he may have a Swiss bank account, as the French government struggles to deal with a scandal over undeclared foreign bank holdings. "I absolutely deny the rumour, published in the Monday April 8 edition of Liberation, claiming I have a bank account in Switzerland," Fabius wrote in a statement. There is no "substance or foundation" to the report, he added.

Tax probe launched against French budget minister

French prosecutors said Tuesday they had opened a formal investigation into Budget Minister Jerome Cahuzac for suspected tax fraud, adding that he was probably the person recorded on an incriminating audio tape. Cahuzac, who is in charge of battling tax evasion, has denied any wrongdoing following a report by the Mediapart investigative website that he had an undeclared Swiss bank account until 2010.
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