BR100 Increased By (0.01%)
BR30 Increased By (0.53%)
KSE100 Increased By (0.28%)
KSE30 Increased By (0.29%)
AGHA 6.38 Increased By ▲ 0.06 (0.95%)
BECO 4.35 Increased By ▲ 0.08 (1.87%)
BML 62.55 Increased By ▲ 0.10 (0.16%)
BOP 31.39 Increased By ▲ 0.16 (0.51%)
CNERGY 11.73 Increased By ▲ 0.14 (1.21%)
CSIL 5.91 Increased By ▲ 0.19 (3.32%)
FCCL 61.71 Increased By ▲ 0.17 (0.28%)
FFL 14.79 Decreased By ▼ -0.23 (-1.53%)
FNEL 1.24 Increased By ▲ 0.01 (0.81%)
KEL 6.32 Increased By ▲ 0.06 (0.96%)
KOSM 5.90 Increased By ▲ 0.34 (6.12%)
LOTCHEM 24.69 Increased By ▲ 0.01 (0.04%)
MLCF 103.93 Decreased By ▼ -0.15 (-0.14%)
NBP 173.32 Decreased By ▼ -1.96 (-1.12%)
NCPL 51.83 Decreased By ▼ -0.94 (-1.78%)
NPL 54.03 Decreased By ▼ -0.09 (-0.17%)
OGDC 315.87 Increased By ▲ 2.48 (0.79%)
PACE 9.26 Increased By ▲ 0.06 (0.65%)
PAEL 35.58 Decreased By ▼ -0.22 (-0.61%)
PIBTL 13.66 Increased By ▲ 0.19 (1.41%)
PPL 226.07 Increased By ▲ 4.26 (1.92%)
PRL 80.28 Increased By ▲ 1.20 (1.52%)
PTC 46.64 Decreased By ▼ -0.21 (-0.45%)
SSGC 23.82 Decreased By ▼ -0.05 (-0.21%)
TBL 9.24 Decreased By ▼ -0.07 (-0.75%)
TELE 7.55 Increased By ▲ 0.16 (2.17%)
TPL 24.54 Decreased By ▼ -0.57 (-2.27%)
TPLP 12.99 Increased By ▲ 0.48 (3.84%)
TREET 25.98 Decreased By ▼ -0.27 (-1.03%)
TRG 53.33 Decreased By ▼ -0.11 (-0.21%)
By

PARIS: Prosecutors in the corruption trial for former French prime minister Edouard Balladur on Tuesday called for him to be sentenced to a one-year suspended prison term.

They said the 91-year old, tried on charges he used kickbacks from 1990s arms deals to help finance a presidential bid, should also pay a fine of 50,000 euros ($60,000).

Balladur's former defence minister Francois Leotard, also on trial at Court of Justice of the Republic, which hears cases involving ministerial misconduct -- should get a two-year suspended sentence and a 100,000-euro fine for being "much more implicated" in the alleged kickbacks than his former boss, they said.

Neither was in court to hear the prosecutors' closing statement.

The conservative ex-premier is one of a long list of senior French politicians pursued for alleged financial wrongdoing, including former president Nicolas Sarkozy and his predecessor, Jacques Chirac.

Balladur and Leotard, 78, were charged in 2017 with "complicity in the misuse of corporate assets" over the sale of submarines to Pakistan and frigates to Saudi Arabia between 1993 and 1995.

Investigators discovered an estimated 13 million francs in kickbacks from the deals, now worth some 2.8 million euros after accounting for inflation.

A large chunk of the money is suspected to have been funnelled to Balladur's 1995 presidential bid, while he was serving as prime minister in the final years of Francois Mitterrand's presidency, in a case known as the "Karachi affair".

In particular, the inquiry found a cash injection of 10.25 million francs -- mostly in 500-franc bills -- just as Balladur's team was scrambling after his defeat in the first round of voting.

Comments

Comments are closed for this article.