Saturday, June 21, 2025
  • Login
Summit Post
ADVERTISEMENT
  • Home
  • News
  • Politics
  • Sports
  • Africa
  • Opinion/Column
  • Business & Economy
  • Editorials
  • Business
  • Security & Crime
  • Religion
No Result
View All Result
  • Home
  • News
  • Politics
  • Sports
  • Africa
  • Opinion/Column
  • Business & Economy
  • Editorials
  • Business
  • Security & Crime
  • Religion
No Result
View All Result
Summit Post
No Result
View All Result
Home International

Disgraced Former IMF Chief Defends Morocco Relocation

News Editor by News Editor
December 19, 2022
in International
0 0
0
Disgraced Former IMF Chief Defends Morocco Relocation

Dominique Strauss-Kahn, the former IMF chief brought down by a sexual assault scandal, insisted Thursday that he is now a resident of Morocco as French prosecutors investigate his tax obligations.

Prosecutors said late Wednesday they were investigating whether he is genuinely a resident of Morocco, where he grew up, or actually spends most of his time in France.

He was called in for questioning last June, a judicial source confirmed to AFP.

“I have made myself available to investigators and will continue to do so,” Strauss-Kahn said in a statement.

“Since 2013, I’ve live and conducted my business activity with a company duly registered, and I have a fiscal identification number,” he added.

Strauss-Kahn was among hundreds of individuals identified in the so-called Pandora Papers, a probe by investigative journalists into money laundering and tax dodging, released in October 2021.

He was widely expected to run for the French presidency as a Socialist candidate when he was accused by a New York hotel maid of sexual assault in 2011, a case that was later dropped but exposed other assault allegations.

Since the former head of the International Monetary Fund’s fall from grace, he has done consulting work and speeches via his firm Parnasse International, based in a Morocco tax haven called Casablanca Finance City.

ADVERTISEMENT

In the wake of the Pandora Papers, the French news programme Cash Investigation revealed that Casablanca Finance City grants firms like Parnasse tax-free status for the first five years of business, then caps any tax at 8.75 percent.

It also noted that Strauss-Kahn created another firm, Parnasse Global, in 2018 in the United Arab Emirates, which for decades had no corporate taxes.

Both companies receive the speaking and consulting fees the former French politician now earns worldwide.

In November 2016, Strauss-Kahn was ordered to pay 75,000 euros ($79,600) in back taxes to Luxembourg, following the collapse of his Paris-listed Leyne Strauss-Kahn and Partners (LSK) investment firm.

The year before, he was acquitted after a trial in France for his alleged role in a prostitution ring, a case that dragged his sex life into the public eye.

News Editor

News Editor

SUMMIT POST (www.summitpostnews.com) is an Online news medium, powered by Highland Media Ltd. We publish a wide range of content, including Politics, Business, Sports and Entertainment on and about Nigeria, Africa and beyond. Follow us on social media for all the latest news and analysis. Contact us: WhatsApp: +234-803-209-6072; Call: +234-705-252-6124 Email: summitpostnigeria@gmail.com

About us

  • Home
    • Blog
  • Privacy Policy
  • About us
  • Checkout
  • Contact us
  • Cookie Policy (EU)
  • Login/Register
  • My account
  • Home
  • About us
    • Privacy Policy
  • Contact us
  • News
  • Politics
    • Education News
  • Business
  • Africa
    • International
  • Security & Crime
  • Religion
  • Sports
  • Lifestyle
  • Opinion/Column
  • Energy Reports
  • Entertainment
  • Diplomatic News
  • Afro News
  • World
  • Food
  • FCT Watch
  • Health
  • Mobile
  • Fashion
  • Travel
  • Legal Matters
  • Gadget
  • Health & Fitness
  • Aviation Reports
  • World
  • Afro News
  • GUEST COLUMNIST
  • Diplomatic News
  • Energy Reports
  • Lifestyle
  • Opinion/Column
  • Religion
  • International
  • Security & Crime
  • Cookie Policy (EU)
  • Contact us
  • About us
  • Home
  • Privacy Policy
  • About us
  • Checkout
  • Contact us
  • Cookie Policy (EU)
  • Login/Register
  • My account
  • Home
  • About us
  • Contact us
  • News
  • Politics
  • Business
  • Africa
  • Security & Crime
  • Religion
  • Sports
  • Lifestyle
  • Opinion/Column
  • Energy Reports
  • Entertainment
  • Diplomatic News
  • Afro News
  • World
  • Food
  • FCT Watch
  • Health
  • Mobile
  • Fashion
  • Travel
  • Legal Matters
  • Gadget
  • Health & Fitness
  • Aviation Reports
  • World
  • Afro News
  • GUEST COLUMNIST
  • Diplomatic News
  • Energy Reports
  • Lifestyle
  • Opinion/Column
  • Religion
  • International
  • Security & Crime
  • Cookie Policy (EU)
  • Contact us
  • About us

© 2022 Summitpost - Summit Post News - more than just news

No Result
View All Result
  • Home
  • News
  • Politics
  • Sports
  • Africa
  • Opinion/Column
  • Business & Economy
  • Editorials
  • Business
  • Security & Crime
  • Religion

© 2022 Summitpost - Summit Post News - more than just news

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In