Ex-French President Sarkozy Sentenced In Libya Money Scandal: Inside The Gaddafi Cash Path


New Delhi: Former French President Nicolas Sarkozy was handed a five-year jail sentence on Thursday over allegations that he solicited marketing campaign funds from ex-Libyan chief Muammar Gaddafi throughout his 2007 presidential run. The court docket acquitted him of three further fees, together with passive corruption, unlawful marketing campaign financing and concealment of embezzled public funds, based on the Related Press.

Sarkozy, 70, appeared in court docket alongside his spouse, singer and mannequin Carla Bruni-Sarkozy, whereas their three grownup sons have been additionally current to witness the decision.

The Case

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The case centres on a scheme from 2005 to 2007, throughout which Sarkozy’s aides allegedly sought funding from Libya in alternate for diplomatic favours. Prosecutors described the plan as a “corruption pact” with Gaddafi’s regime.

The court docket decided that Sarkozy allowed his inside circle to pursue monetary backing from Libya for his 2007 marketing campaign, although it couldn’t verify that any Libyan cash was truly used. French legislation permits convictions for such corrupt schemes even when funds are by no means obtained.

The cost of felony affiliation carries a most sentence of 10 years. Sarkozy was cleared of different main accusations.

Two of his closest aides, former ministers Claude Gueant and Brice Hortefeux, have been additionally discovered responsible of felony affiliation however acquitted of different fees. Businessman Ziad Takieddine, who had claimed to ship money from Tripoli for Sarkozy’s marketing campaign, died in Beirut throughout the trial. He later retracted prior statements implicating Sarkozy, prompting a separate investigation into potential witness tampering.

Tracing The Cash Path

The saga traces again to 2011, when Libya and Gaddafi publicly admitted to secretly funding Sarkozy’s marketing campaign. A 2012 investigative report by French information organisation Mediapart cited a Libyan intelligence memo alleging a €50 million funding deal, later deemed possible solid by the court docket, based on Al Jazeera.

Investigators examined alleged money deliveries, solid paperwork, journeys to Libya by Sarkozy’s aides between 2005 and 2007, offshore accounts and different monetary maneuvers, The Guardian reported.

Sarkozy has persistently denied all wrongdoing, calling the case politically motivated.

Throughout his presidency, he helped rehabilitate Libya on the worldwide stage, welcoming Gaddafi to Paris in 2007 and later backing NATO’s intervention throughout the 2011 Arab Spring rebellion.

A Authorized Storm That By no means Ends

This conviction provides to a string of authorized challenges for Sarkozy. In 2014, he was convicted of corruption and affect peddling and served time below digital monitoring.

In 2012, he was discovered responsible of unlawful marketing campaign financing for exceeding spending limits throughout his failed reelection bid, with appeals nonetheless pending.

Sarkozy additionally misplaced the Legion of Honour following a previous conviction.

The Libya money case highlights the lasting shadow of Gaddafi-era offers and the advanced, decades-long monetary and political net surrounding one among France’s most controversial fashionable leaders.