French minister resigns in face of tax-fraud probe

Hollande`s office says Jerome Cahuzac asked to be removed from his post, and the president accepted.

Updated: Mar 20, 2013, 13:10 PM IST

Paris: French President Francois Hollande`s office says the country`s budget minister has resigned amid a ballooning scandal over suspected tax fraud and money laundering centring on him.

Hollande`s office says Jerome Cahuzac asked to be removed from his post, and the president accepted.

Earlier today, Paris prosecutors launched a judicial probe into a case of alleged laundering of money gained through tax fraud centring on Cahuzac, though investigators haven`t turned up enough evidence to charge him by name.

The minister has long been a vocal crusader against the use of overseas tax havens.

PTI