Home News France: Prosecutors Seek Seven-Year Sentence and Fine for Sarkozy Over Alleged Libya Financing Deal
News

France: Prosecutors Seek Seven-Year Sentence and Fine for Sarkozy Over Alleged Libya Financing Deal

Share
Share

French prosecutors have requested a seven-year prison sentence and a €300,000 fine (approximately $325,000) for former President Nicolas Sarkozy over allegations of illegal financing for his 2007 presidential campaign by former Libyan leader Moammar Gadhafi. The prosecution has also proposed a five-year ban on Sarkozy’s civic, civil, and family rights, which would prevent him from holding public office or judicial roles.

Sarkozy, who served as France’s president from 2007 to 2012, faces charges of passive corruption, illegal campaign financing, concealment of embezzlement of public funds, and criminal association. He has consistently denied all allegations.

The case, which began in January and is set to conclude on April 10, is considered the most serious legal challenge Sarkozy has faced since leaving office. The accusations date back to 2011, when both Libyan state media and Gadhafi alleged that Sarkozy’s campaign received millions of euros in secret funding. In 2012, French investigative outlet Mediapart published a Libyan intelligence memo that referenced a €50 million funding agreement, which Sarkozy denounced as a forgery. However, French investigators later deemed the document to be authentic, although conclusive proof of the funds being transferred has not been established.

Further allegations emerged in 2016 when Franco-Lebanese businessman Ziad Takieddine claimed he delivered suitcases of cash from Libya to Sarkozy’s team between 2005 and 2007, only to retract his statement later—a reversal now under investigation as potential witness tampering. Sarkozy and his wife, Carla Bruni-Sarkozy, have both been placed under preliminary investigation in connection with the case.

The trial involves 11 defendants, including Sarkozy’s former ministers Claude Guéant, Brice Hortefeux, and Éric Woerth. However, Sarkozy remains at the center of the case, with prosecutors accusing him of knowingly benefiting from a “corruption pact” with Gadhafi’s regime to finance his presidential campaign.

This case follows two prior convictions for Sarkozy. In 2024, France’s highest court upheld his conviction for corruption and influence peddling, resulting in a sentence of one year under house arrest with an electronic bracelet. He was also convicted of illegal campaign financing in his failed 2012 re-election bid. Despite these convictions, the Libya affair is considered the most politically significant and likely to define Sarkozy’s legacy.

Sarkozy has dismissed the allegations as politically driven and based on fabricated evidence. However, if convicted, he would become the first former French president found guilty of accepting illegal foreign funds to secure office. A verdict is expected later this year.

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Don't Miss

Global Gold Prices Hit Historic $4,000 Per Ounce as Investors Flee to Safety Amid Rising Economic and Political Uncertainty

Gold prices soared to unprecedented levels this week, with futures on the New York Mercantile Exchange surpassing $4,000 per ounce for the first...

Cameroon’s 92-Year-Old President Paul Biya Launches Campaign for Eighth Term Amid Growing Criticism and Economic Struggles

Cameroon’s long-serving president, Paul Biya, made a rare public appearance on Tuesday, marking his first campaign rally ahead of Sunday’s presidential election one...

Related Articles

Libya and United States Strengthen Military Ties with Talks on Counterterrorism, Border Security, and Joint Training Programs

In a move aimed at bolstering regional stability and deepening bilateral cooperation,...

Enugu Governor Peter Mbah Dumps PDP for APC, Says Move Aims to Accelerate State’s Growth and Development

In a major political development, Governor Peter Mbah of Enugu State has...

African Nations Move to Launch Independent Carbon Fees for Shipping as Global Climate Talks Falter

African nations are preparing to introduce their own carbon fees on international...

Trump Hails Return of Israeli Hostages and Calls for a New Era of Peace in the Middle East During Historic Knesset Address

In a powerful address to the Israeli Knesset on Monday, U.S. President...