NY Art-dealing Heir On Trial Over Massive French Tax Fraud

NY Art-dealing Heir On Trial Over Massive French Tax Fraud

A Nord Stream-2 spokesman said that while project is completely funded by its shareholder and investors, "we are looking for an optimised financing structure like a 70-30 split between bank loans and long term sponsor funding".

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USA's Guy Wildenstein arrives at the Paris courthouse, Thursday, Sept. 22, 2016. The heir of a New York art-dealing empire, Guy Wildenstein, goes to court in Paris on Thursday for allegedly hiding his family fortune for years in offshore tax havens, with French authorities demanding a staggering 553 million euros ($621 million) in back taxes. (AP Photo/Christophe Ena)

"Like every company, we continually evaluate our organization and align our resources to support our business strategy and objectives," a Huawei spokesman said. "Any changes to staffing size or structure are simply a reflection of standard business optimization."

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PARIS (AP) — The heir of a New York art-dealing empire went on trial in Paris on Thursday for allegedly hiding his huge family fortune in offshore tax havens, prompting French authorities to demand hundreds of millions in back taxes.

The Russian state news agency also quoted Seele as saying that it was hard to raise project financing for 70 percent of the costs and that partners in the Nord Stream-2 project were ready to provide bridge financing if necessary.

MOSCOW, Sept 13 (Reuters) - U.S. sanctions have made financing large Russian projects "almost impossible", the chief executive of Austrian energy company OMV, which has invested in the Nord Stream-2 trans-Baltic gas pipeline project, said on Wednesday.

"The current situation does not have an effect on the financing agreement but could influence the optimization process," he added. (Reporting by Vladimir Soldatkin; additional reporting by Shadia Nasralla; editing by Susan Fenton and Alexander Smith)