City
Epaper

French ex-President Nicolas Sarkozy found guilty of illegal campaign financing

By IANS | Updated: February 15, 2024 06:55 IST

Paris, Feb 15 Former French President Nicolas Sarkozy was found guilty of illegal campaign financing by a Paris ...

Open in App

Paris, Feb 15 Former French President Nicolas Sarkozy was found guilty of illegal campaign financing by a Paris appeal court which gave him a one-year prison sentence, half of which was suspended.

The court found that Sarkozy spent 42.8 million euros ($45.9 million) for his presidential campaign in 2012 while the maximum amount allowed in France at the time was 22.5 million euros, Xinhua news agency reported.

To conceal the massive overrun, a system of double invoicing had been set up, according to French press.

Sarkozy "undoubtedly benefited from frauds that gave him far greater means than those authorized by law" though "the investigation did not establish that he had ordered them, or that he had participated in them, or even that he had been informed of them," reported the French daily newspaper Le Monde quoting the judge's ruling.

Sarkozy will take the case to France's highest court, his lawyer told reporters.

President from 2007 to 2012, Sarkozy faces multiple legal cases.

A trial will start in 2025 over allegations that he had accepted money from Libya to fund his 2007 campaign. In 2021, a court handed him a prison sentence of three years, including two suspended, for "corruption and influence peddling." He denied any wrongdoing and the appeal court in 2023 upheld the original ruling. The case is already before the highest court.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

NationalTrinamool MLA, two councillors granted anticipatory bail in Bengal post-poll violence case

NationalTN 2026 election a direct fight between TVK and DMK: Vijay

BusinessTata AIA Sampoorna Raksha Promise: A Complete Protection Plan

EntertainmentBigg Boss 19: WWE Icon The Undertaker to Participate in Salman Khan-Hosted Reality Show? Here's What Reports Say

InternationalPakistan won’t end covert war in Kashmir, will keep issue burning: Ex-TTP commander Ehsanullah Ehsan

International Realted Stories

InternationalJeffrey Sachs slams Trump’s India tariffs, calls them ‘stupidest move’ in US foreign policy

InternationalJapan plans massive $68 billion investment in India during Modi's visit

InternationalUncertainty clouds Europe's security guarantees for Ukraine, warns expert

InternationalFour giraffe species officially recognised in major scientific reclassification: IUCN report

International'Solid package' of documents being prepared for PM Modi-Putin Summit: Russian Foreign Minister Lavrov