Friday, October 25

Former French President Nicolas Sarkozy to go on trial over Libya financing for 2007 marketing campaign

PARIS (AP) — French investigative magistrates on Friday ordered former President Nicolas Sarkozy and 12 others to go on trial on costs that his 2007 presidential marketing campaign acquired thousands and thousands in unlawful financing from the federal government of late Libyan chief Moammar Gadhafi.

The nationwide monetary prosecutor, Jean-François Bohnert, introduced that the decade-long investigation has been formally closed. The trial will run from January to April 2025, the assertion stated.

The case is the most important and most surprising of a number of corruption investigations involving Sarkozy. He has been convicted in two others. He denies wrongdoing in all circumstances.



In the Libya case, he’s charged with unlawful marketing campaign financing, embezzling, passive corruption and associated counts.

Sarkozy has been below investigation within the Libya case since 2013. Investigators examined claims that Gadhafi’s authorities secretly gave Sarkozy 50 million euros for his successful 2007 marketing campaign. The sum can be greater than double the authorized marketing campaign funding restrict on the time and would violate French guidelines in opposition to overseas marketing campaign financing.

The investigation gained traction when French-Lebanese businessman Ziad Takieddine advised information web site Mediapart in 2016 that he had delivered suitcases from Libya containing 5 million euros ($6.2 million) in money to Sarkozy and his former chief of workers. Takieddine later reversed course and Sarkozy sought to have the investigation closed.

After turning into president in 2007, Sarkozy welcomed Gadhafi to France with excessive honors later that 12 months. Sarkozy then put France on the forefront of NATO-led airstrikes that helped insurgent fighters topple Gadhafi’s authorities in 2011.

In an unrelated case, Sarkozy was sentenced to a 12 months of home arrest for unlawful marketing campaign financing of his unsuccessful 2012 reelection bid. He is free whereas the case is pending attraction.

He additionally was discovered responsible of corruption and affect peddling in one other case and sentenced to a 12 months of home arrest in an appeals trial in May this 12 months. He took the case to France’s highest court docket, which suspended the sentence.

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