Wildenstein art-dealer family acquitted of tax fraud charges in France

FILE PHOTO International art dealer Guy Wildenstein arrives for his trial at Paris court, France, January 4, 2016. REUTERS/Charles Platiau/File Photo

PARIS (Reuters) - Wealthy French art dealer Guy Wildenstein and seven others were acquitted of tax fraud charges on Thursday thanks to a legal loophole the Paris court acknowledged might not be understood by the general public.

Wildenstein and two family members, as well as their financiers and lawyers, were accused of deliberately understating to tax authorities the real value of family riches inherited about a decade ago and placed in trusts abroad.