France's richest woman pledges to declare assets
France's richest woman, L'Oreal heiress Liliane Bettencourt, pledged to declare all of her foreign assets on Monday to comply with French laws after she was caught on tape allegedly plotting tax evasion.
"I have decided to declare all of my family assets that are currently abroad in cooperation with the French tax authorities," the shampoo and cosmetics billionaire told AFP in a statement.
The 87-year-old has been caught up in a storm since last, week when secretly recorded tapes revealed that she had allegedly conspired to hide part of her estimated 16-billion-euro (20-billion-dollar) fortune in Swiss bank accounts while making donations to friends in the governing UMP party.
© 2010 AFP