A new international bank has been launched in Mogadishu, the latest sign of life in the city after more than two decades of civil war which engulfed its bright lights.
Gilbert Chikli was sentenced in absentia on Wednesday for swindling dozens of top French banks and businesses.
French President François Hollande finishes a two-day trip in Switzerland Thursday, as Paris aims to smooth relations with its wealthy neighbour over a tax-evasion row.
A French court has sentenced perfumes and fashion house heiress Arlette Ricci to three years in prison and a million-euro fine for tax evasion.
Nearly 38,000 French tax dodgers have come forward since 2013 when the Socialist government offered favourable treatment to secret foreign-account holders who owned up.
France has supplied the names of foreign nationals with secret bank accounts in HSBC’s Swiss branch to most countries in the eurozone, Finance Minister Michel Sapin indicated on Thursday.