French Labour Minister, Eric Woerth, suspected of helping owners of French companies to hide money from tax was charged in May that it sold a new racecourse at a price ten times lower than its true value.
The fifth largest racecourse in France, an 18-hole golf course and a forest area near Paris were sold by the Ministry of Labour, Eric Woerth, for $ 2.5 million, provided their real value is around 20 million, says the French press.
He authorized the sale of property by private company Société des courses de Compiègne , whose director is an acquaintance of Eric Woerth and has links with President Nicolas Sarkozy’s party, Union for a Popular Movement.
Former Minister of Agriculture strongly opposed the transaction, as a unlawful catalogând but Woerth argued Tuesday that the properties sold were understated, inform L’Express. Fr.