(MENAFN - AFP) French Budget Minister Jerome Cahuzac is under investigation for tax fraud after a media report that he once had an undeclared UBS account in Geneva which he subsequently moved to Asia, prosecutors said Tuesday.
Cahuzac, who is in charge of battling tax evasion, has denied the report by the respected Mediapart investigative website that he had an undeclared Swiss account until 2010, when he transferred the funds to Singapore.
Mediapart had said it had a "trace" of a conversation between the minister and one of his former aides in which he allegedly fretted about the UBS account and then said he had "dealt with the matter."
Investigators will "without further delay verify the authenticity and the contents of the recording... to reach the truth," the prosecutors said in a statement.
Cahuzac has dismissed reports of offshore accounts as "crazy claims."