Pinned by the “Dubai Papers”, Frédéric Laporte, CEO of the Paris-based jewelry company Dinh Van, was fined 600,000 euros. In addition, yesterday he was sentenced to 15 months in prison with a suspended sentence.

For hiding millions of dividends in tax havens, jeweler CEO Dinh Van must pay a fine of 600,000 euros. During an appearance hearing on prior admission of guilt (CRPC) at the Paris Judicial Court, a sort of guilty plea in the French style, Frédéric Laporte, 75, admitted the charges, including laundering of tax evasion and laundering of aggravated tax evasion and accepted the sentence negotiated with the National Financial Prosecutor's Office (PNF). This case is part of the investigations launched by the PNF in spring 2019, following revelations by L'Obs about the existence of a vast network for laundering tax evasion at the international level, which was established at the beginning of the year. es 2000 around the Helin group based in the United Arab Emirates.