French media have confirmed that Patrick and Isabelle Balkany were recently evicted from their primary residence, the Cossy Mill in Giverny, Eure, a direct consequence of their 2023 conviction for tax fraud money laundering. According to sources close to the case cited by AFP and Le Parisien, the judicial confiscation of the usufruct two and a half years ago stripped them of the right to remain. The couple, aged 78 and 79, were formally condemned to four-and-a-half and three-and-a-half years in prison respectively, along with €100,000 fines each and ten years of ineligibility, for concealing approximately €13 million in assets between 2007 and 2014. Their properties, including the Giverny mill and lavish villas in the Antilles and Marrakech held through Panamanian shell companies, were confiscated or seized. Although Patrick Balkany had previously been allowed to serve the remainder of his sentence at home in Giverny, the loss of the usufruct made their continued occupation illegal. Sources indicate the eviction is currently temporary, with an agreement reportedly reached with the Agrasc (Asset Recovery and Management Agency) to allow their short-term return. [1]
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