The French Investigation Pursues Guy Wildenstein to Bahamas

The long-running tax evasion investigation against Guy Wildenstein is spreading to the Bahamas and Guernsey:

French prosecutor Franck Charon confirmed on Monday that France’s tax-evasion watchdog – Parquet national financer – has recommended to an investigating judge that RBC Trust Company (Bahamas) Ltd. be charged with participating in tax fraud and money laundering activities by Mr. Wildenstein and other family members and advisers.

A second offshore tax haven, Northern Trust in the Guernsey Islands, has also been named in the proceedings.

RBC’s Bahamas unit caught up in allegations involving billionaire art dealer  (The Globe and Mail)