The contract of French beauty giant L'Oreal Sa has been severed with photographer and socialite Francois-Marie Banier due to the controversy, which was proving detrimental to L'Oreal's goodwill.

The police raided the house of L’Oreal SA’s major shareholder Liliane Bettencourt. The police suspect that L’Oreal heiress has given one of her friends, Mr. Banier gifts worth 1 billion Euros, which is 1.3 billion Dollars. The police has also searched Mr. Banier’s house.

Patrice de Maistre who is the Financial Advisor of L'Oreal heiress Liliane Bettencourt was detained by the French police as they are investigating the finances of Bettencourt.

The French authorities have triggered a probe into alleged involvement of L'Oreal cosmetics heiress Liliane Bettencourt in a million-dollar scandal.

Georges Kiejman, the lawyer of L'Oreal heiress has informed that the French police are inquiring her about the finances, which involved the Government. Ms.

Georges Kiejman, the lawyer of, L'Oreal heiress, Liliane Bettencourt revealed that the 87 year old woman, who that has shaken the French Government, will be questioned by police, later on Monday.

The investigators of the L’Oréal heiress Liliane Bettencourt tax regime are likely to interrogate Labor Minister Eric Woerth, shortly.

According to a recent report, the wife of Eric Woerth, the labour minister of France was questioned in regard to a financial scandal surrounding Liliane Beetencourt, who is the heiress of L'Oreal.