Guy Wildenstein is cleared of tax fraud charges by French court, the Daily Mail reports:

The court said there was a ‘clear attempt’ by Guy Wildenstein and seven co-defendants to conceal art treasures and properties worth hundreds of millions of euros from tax authorities.

But shortcomings in the investigation and in French legislation on tax fraud made it impossible to return a guilty verdict, presiding judge Olivier Geron said.

The ‘powerful and the poor’ had equal right to justice, he said.

Head of the Wildenstein art dynasty CLEARED of hiding $600m from the French taxman  (Daily Mail Online)