Solène Delinger 17:30 pm, March 23, 2023

In a long interview with "Paris Match" Thursday, March 23, 2023, Patrick and Isabelle Balkany unveiled the amount of their retirement. Between them, the former elected officials receive 12,000 euros per month. A sum to which they must deduct about 2,000 euros per month to repay their debt to the tax authorities. The couple currently live in seclusion in their property in Giverny.

How did Patrick and Isabelle Balkany, who live in seclusion on their property in Giverny, survive? The two former elected officials were sentenced to prison and a fine of 100,000 euros each for money laundering. And, they also have to repay a debt of 12 million euros to taxes because they were found guilty of hiding assets in their tax return.

"I don't argue, we repay"

"I'm having trouble knowing the exact amount. They add interest every time... I do not argue, we repay. It is not embezzled money, but inherited from our parents, "assured the former mayor of Levallois-Perret in an interview with Paris Match thisThursday, March 23, 2023.

A pension of 12,000 euros per month

Patrick and Isabelle Balkany affirm it: they are "ruined". Between them, the former elected officials receive a pension of 12,000 euros per month, which corresponds to their former mandates as mayor and deputy mayor and general councillor, for his wife Isabelle. Patrick Balkany's pension is taxed "up to 25.5%," he said in Paris Match. The couple must also deduct 2,000 euros monthly to reimburse the tax authorities, say our colleagues.

The couple lived for years very well "with a lot of money, without being thrifty". The former mayor of Levallois has received a large inheritance from his father, a former resistance fighter and survivor of Auschwitz. He had made his fortune thanks to the resale of an American military stock, then by embarking on luxury ready-to-wear in Paris.

"We have always lived well"

"We lived in families that had the means, I would even say big means. We have always lived well, we may have been unaccustomed. It is true that we ate our capital, we could have bought property to rent but we wanted to live well and that's it. I am sorry for the tax authorities who do not understand that we can spend more than we earn when we have money in the bank, "said Patrick Balkany during his trial, as reported by BFMTV on May 15, 2019.