French Budget Minister resigns over Swiss bank account

Updated: 2013-03-20 03:26


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PARIS - French Budget Minister Jerome Cahuzac resigned Tuesday after prosecutors announced to conduct a full investigation into his secret Swiss account, the president's office said on Tuesday.

President Francois Hollande "terminated the function of Jerome Cahuzac" and he will be replaced by Bernard Cazeneuve, the president's office said in a statement.