Open

Coming up

Don't miss

Replay


LATEST SHOWS

REPORTERS

Exclusive: an unlikely victim of the 'War on Terror'

Read more

FASHION

Paris, Haute Couture Fall/Winter 2014-2015.

Read more

AFRICA NEWS

2014-07-11 21:47 AFRICA NEWS

Read more

MEDIAWATCH

Finally, a good use for new app "Yo"

Read more

THE WORLD THIS WEEK

The World This Week - 11 July 2014 (part 2)

Read more

THE WORLD THIS WEEK

The World This Week - 11 July 2014

Read more

#THE 51%

Sweden: A Feminist's Paradise?

Read more

FRANCE IN FOCUS

Politics: parties under pressure

Read more

FOCUS

In Burma, the rise of radical Buddhism

Read more

  • The third-place playoff: the World Cup game no one wants to play

    Read more

  • Hamas and Israel sustain fire despite missed targets

    Read more

  • Last of the Ramones, Tommy Ramone, dies aged 62

    Read more

  • Legal challenge to French mayor’s ban of Muslim hijab on beach

    Read more

  • Video: Outrage in wake of deadly Casablanca buildings collapse

    Read more

  • Iraqi forces ‘executed prisoners in reprisal’ for ISIS killings

    Read more

  • Ukraine promises retaliation after rebel assault

    Read more

  • Putin revives old Cuban flame and eyes Latin American minerals

    Read more

  • Kerry holds all-night talks with Afghan presidential rivals

    Read more

  • Amazon snubs French free delivery ban with one-cent charge

    Read more

  • Cleveland's NBA fans hail 'return of king' LeBron James

    Read more

  • Exclusive: an unlikely victim of the 'War on Terror'

    Read more

  • Magnitude 6.8 quake, small tsunami hit east Japan

    Read more

  • Suspect in Brussels Jewish Museum shooting drops extradition appeal

    Read more

France

Madoff investigator to question adviser to L'Oreal heiress

©

Video by FRANCE 24

Text by News Wires

Latest update : 2010-09-11

A French judge probing Wall Street financial conman Bernard Madoff's dealings in France will be questioning Patrice de Maistre, the wealth manager of scandal-hit L'Oreal billionaire Liliane Bettencourt.

AFP - Police will question a financier linked to a party-funding scandal that has hit the French government in a separate probe over Wall Street swindler Bernard Madoff, a judicial official said on Friday.
  
A judge investigating the alleged defrauding of French investors by Madoff will question Patrice de Maistre, wealth manager for L'Oreal billionaire Liliane Bettencourt, this month as a witness over his alleged links to Madoff, the official said.
  

Madoff was handed a 150-year prison sentence last year for the biggest financial fraud in US history, a three-decade bogus investment scam that fell apart during the economic crisis, ruining investors in numerous countries.
  
The 87-year-old Bettencourt was allegedly among the European investors duped by Madoff, losing 30 million euros (38 million dollars). Her fortune is estimated at 17 billion euros.
  
Bettencourt owned companies linked to Luxalpha, a former Luxembourg-based fund that handled some of Madoff's investments.
  
Maistre, her financial manager, has also been questioned in recent weeks by French investigators in a separate affair of alleged conflicts of interest and illegal party funding implicating France's Labour Minister, Eric Woerth.
  
Woerth has denied any wrongdoing but that affair has embarrassed President Nicolas Sarkozy and his government as he tries to push through a key pensions reform and struggles in the opinion polls.

Date created : 2010-09-10

  • The Bettencourt scandal: Politics, cash and cosmetics

    Read more

  • USA

    Madoff's ill-gotten assets go under the hammer

    Read more

Comments

COMMENT(S)