Bettencourt affair

The Bettencourt affair involves allegations of illegal payments made by billionaire heiress Liliane Bettencourt to François-Marie Banier and members of the French government associated with Nicolas Sarkozy in 2010. History In June 2010, Ms. Bettencourt became embroiled in a high-level French political scandal after other details of the tape recordings made by her butler became public. The tapes allegedly picked up conversations between Bettencourt and her financial adviser, Patrice de Maistre, which indicate that Bettencourt may have avoided paying taxes by keeping a substantial amount of cash in undeclared Swiss bank accounts. The tapes also allegedly captured a conversation between Bettencourt and Éric Woerth (then Minister of Labour), who was soliciting a job for his wife managing Bettencourt's wealth, while he was acting as budget minister and running a high-profile campaign to catch wealthy tax evaders. Moreover, Ms Bettencourt received a €30 million tax rebate while Mr Woerth was budget minister. In July 2010, the scandal appeared to widen after Bettencourt's former accountant, Claire Thibout, alleged in an interview with the French investigative web-site Mediapart, that conservative French politicians were frequently given envelopes stuffed with cash at the Bettencourt's mansion in Neuilly-sur-Seine. She alleged that Mr Woerth, while acting as treasurer for the Union for a Popular Movement (UMP), was given an envelope containing €150,000 in cash in March 2007 towards the presidential campaign of Nicolas Sarkozy. Following these allegations, French police raided the home and office of Mr de Maistre, who heads Clymène, the company owned by Ms Bettencourt to manage her wealth. Political donations are limited to €7,500 for political parties and €4,600 for individuals. Contributions above €150 must be paid by cheque with the donor clearly identified. In October 2010, a burglary took place targeting the offices of three newspapers: (Le Monde, Le Point) and Mediapart. The incident involved the theft of laptops belonging to Hervé Gattegno (Le Point) and Gérard Davet (Le Monde), who were handling the Woerth-Bettencourt affair. The laptops were taken from the headquarters of Le Point and from Davet's home. Additionally, Mediapart reported the disappearance of CDs containing the illegal wiretaps of Liliane Bettencourt.