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Reading: France: seven-year sentence and fine suggested for Sarkozy over Libya financing deal
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Khest Media > Actu > All > France: seven-year sentence and fine suggested for Sarkozy over Libya financing deal
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France: seven-year sentence and fine suggested for Sarkozy over Libya financing deal

AfricaNews
Last updated: 28/03/2025
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French prosecutors on Thursday requested a seven-year reformatory sentence and a 300,000-euro (around $325,000) fine for former President Nicolas Sarkozy, in connection with allegations that his 2007 presidential advertising and marketing and marketing campaign was illegally financed by former Libyan leader Moammar Gadhafi’s government.

The Nationwide Monetary Prosecutor’s Inform of industrial, known by its French acronym PNF, in most cases is believed as for a 5-year ban on Sarkozy’s civic, civil and family rights — a measure that will possibly bar him from maintaining elected set up of abode of work or serving in any public judicial role.

The case, which opened in January and is anticipated to pause on April 10, is regarded because the most severe of the just a few appropriate scandals which personal clouded Sarkozy’s submit-presidency.

The 70-year-extinct Sarkozy, who led France from 2007 to 2012, faces charges of passive corruption, illegal advertising and marketing and marketing campaign financing, concealment of embezzlement of public funds and criminal association. He has denied any wrongdoing.

The accusations hint support to 2011, when a Libyan news agency and Gadhafi himself talked about that the Libyan issue had secretly funneled millions of euros into Sarkozy’s 2007 advertising and marketing and marketing campaign.

In 2012, the French investigative outlet Mediapart published what it talked about was a Libyan intelligence memo referencing a 50 million-euro funding agreement. Sarkozy denounced the doc as a forgery and sued for defamation.

French magistrates later talked about that the memo perceived to be decent, even though no conclusive evidence of a done transaction has been presented.

Investigators additionally regarded into a chain of journeys by Sarkozy’s mates to Libya between 2005 and 2007.

In 2016, Franco-Lebanese businessman Ziad Takieddine suggested Mediapart that he had delivered suitcases stuffed with money from Tripoli to the French Internal Ministry under Sarkozy. He later retracted his observation. That reversal is now the significant point of interest of a separate investigation into that it is probably going you’ll possibly possibly well imagine take into legend tampering.

Sarkozy and his wife, Carla Bruni-Sarkozy, personal both been positioned under preliminary investigation in that case.

Sarkozy’s former ministers Claude Guéant, Brice Hortefeux, and Éric Woerth are additionally on trial, alongside with eight other defendants. However prosecutors personal made clear the central resolve is the former president himself — accused of knowingly making the most of a “corruption pact” with a foreign dictatorship whereas campaigning to manual the French republic.

While Sarkozy has already been convicted in two other criminal circumstances, the Libya affair is widely seen because the most politically explosive — and the one in every of likelihood to shape his legacy.

In December 2024, France’s best courtroom upheld his conviction for corruption and affect peddling, sentencing him to one year of home arrest with an electronic bracelet. That case stemmed from tapped phone calls uncovered at some stage in the Libya investigation. In a separate ruling in February 2024, a Paris appeals courtroom discovered him responsible of illegal advertising and marketing and marketing campaign financing in his failed 2012 reelection disclose.

Sarkozy has brushed off the Libya allegations as politically motivated and rooted in forged evidence. However if convicted, he would change into the principle former French president discovered responsible of accepting illegal foreign funds to get set up of abode of work.

A verdict is anticipated later this year.

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