Clearstream Affair
The Second "Clearstream affair" was a political scandal in France in the run-up to the 2007 presidential election.
The name refers to the Luxembourg bank Clearstream Banking S.A., now wholly owned by Deutsche Börse, which was alleged to have aided many prominent French politicians and companies evade taxes. It was also suggested that Clearstream might have helped French individuals and companies to launder money arising from bribes surrounding the 1991 sale of six La Fayette class frigates to the Republic of China. Clearstream denied the allegations.
Read more about Clearstream Affair: Beginning of The Affair, Political Impact
Famous quotes containing the word affair:
“Though the Jazz Age continued it became less and less an affair of youth. The sequel was like a children’s party taken over by the elders.”
—F. Scott Fitzgerald (1896–1940)