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French billionaire Dassault to face trial for tax fraud: source

Serge Dassault is France's fourth wealthiest person, with a net worth estimated at 13.6 billion euros ($15.3 billion) last year by Forbes magazineFrench billionaire industrialist Serge Dassault is to face trial on suspicion of stashing several million euros in Luxembourg and Liechstenstein, a source close to the investigation said Monday. The case against the 90-year-old CEO of the Dassault Group has been committed directly to trial without a preliminary inquiry and the hearing is set for July 4, the source told AFP. The Dassault Group holds a majority stake in Dassault Aviation, which makes commercial and military aircraft, including the Rafale fighter jet used by the French air force and navy and a number of foreign armed forces.

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