AIRLINK 74.56 Increased By ▲ 0.31 (0.42%)
BOP 5.04 Decreased By ▼ -0.01 (-0.2%)
CNERGY 4.51 Increased By ▲ 0.09 (2.04%)
DFML 37.77 Increased By ▲ 1.93 (5.39%)
DGKC 90.97 Increased By ▲ 2.97 (3.38%)
FCCL 22.60 Increased By ▲ 0.40 (1.8%)
FFBL 32.66 Decreased By ▼ -0.06 (-0.18%)
FFL 9.75 Decreased By ▼ -0.04 (-0.41%)
GGL 10.98 Increased By ▲ 0.18 (1.67%)
HBL 115.90 No Change ▼ 0.00 (0%)
HUBC 136.25 Increased By ▲ 0.41 (0.3%)
HUMNL 10.15 Increased By ▲ 0.31 (3.15%)
KEL 4.62 Increased By ▲ 0.01 (0.22%)
KOSM 5.06 Increased By ▲ 0.40 (8.58%)
MLCF 40.41 Increased By ▲ 0.53 (1.33%)
OGDC 138.00 Increased By ▲ 0.10 (0.07%)
PAEL 27.62 Increased By ▲ 1.19 (4.5%)
PIAA 24.49 Decreased By ▼ -1.79 (-6.81%)
PIBTL 6.74 Decreased By ▼ -0.02 (-0.3%)
PPL 123.10 Increased By ▲ 0.20 (0.16%)
PRL 27.02 Increased By ▲ 0.33 (1.24%)
PTC 14.05 Increased By ▲ 0.05 (0.36%)
SEARL 58.86 Increased By ▲ 0.16 (0.27%)
SNGP 70.19 Decreased By ▼ -0.21 (-0.3%)
SSGC 10.37 Increased By ▲ 0.01 (0.1%)
TELE 8.58 Increased By ▲ 0.02 (0.23%)
TPLP 11.20 Decreased By ▼ -0.18 (-1.58%)
TRG 64.62 Increased By ▲ 0.39 (0.61%)
UNITY 26.55 Increased By ▲ 0.50 (1.92%)
WTL 1.40 Increased By ▲ 0.02 (1.45%)
BR100 7,858 Increased By 19.6 (0.25%)
BR30 25,581 Increased By 121.1 (0.48%)
KSE100 75,195 Increased By 264.2 (0.35%)
KSE30 24,177 Increased By 31.4 (0.13%)
World

Second Sarkozy trial to probe lavish election spending

  • Investigators say his total spending on the second round came to nearly 43 million euros.
Published March 15, 2021

PARIS: Former French president Nicolas Sarkozy goes on trial Wednesday over claims of illicit financing for his failed 2012 re-election bid, just weeks after a landmark conviction for corruption.

On March 1, the 66-year-old became France's first post-war president to be sentenced to prison when he was given a three-year term, two years of which were suspended, for corruption and influence peddling.

That case was one of several hanging over him since he left office.

Sarkozy has denied any wrongdoing, saying he is the victim of a vindictive judicial system with which he tangled while in power between 2007 and 2012.

In the trial opening Wednesday, which he is not expected to attend, the divisive rightwinger is accused of overspending on his failed 2012 re-election bid to the tune of 20 million euros ($24 million).

The money was spent on lavish US-style rallies in the final days of the race, as Sarkozy scrambled to fend off an unexpectedly strong challenge from his Socialist rival Francois Hollande.

Prosecutors say accountants had warned him that the campaign was set to blow the 22.5 million euro ($26.7 million) cap on spending between the first and second rounds of voting, but Sarkozy insisted on holding more events.

Investigators say his total spending on the second round came to nearly 43 million euros.

To hide the spending, the PR firm behind the campaign, Bygmalion, and officials in Sarkozy's UMP party (since renamed Les Republicains) are accused of conspiring to have the UMP foot the bill through a system of fake invoices.

The former president says he was unaware of the fraud -- unlike some of the defendants he is not charged with fraud, but with the lesser offence of illegal campaign financing. He fought for years to avoid a trial.

Bygmalion executives and Jerome Lavrilleux, the deputy manager of Sarkozy's 2012 campaign who will also go on trial, have acknowledged the system of fake invoices.

Lavrilleux in particular made headlines in 2014 after he tearfully confessed to the scam during a French TV interview, saying: "This campaign was a runaway train that no one had the courage to stop."

The trial is set to run until April 15, but Lavrilleux's defence team has said it will seek to postpone the start because his main lawyer has been hospitalised with Covid-19.

If convicted, Sarkozy risks being sentenced to up to a year in prison and a fine of 3,750 euros.

On March 1, he was found guilty of forming a "corruption pact" with his lawyer to convince a judge to share information about yet another investigation into the politician's affairs, relating to his winning 2007 campaign.

Sarkozy was convicted for agreeing to help judge obtain a plum pre-retirement post in Monaco. He insists he merely agreed to do the judge a favour and expected nothing in return.

His prison sentence stunned the political establishment and prompted his many admirers on the right, including Interior Minister Gerald Darmanin, to send him messages of support.

Sarkozy has appealed the verdict which effectively crushed any hopes that he could stage another presidential comeback after a first failed attempt in 2016.

In an TF1 television interview on March 3, he repeated that he had "turned the page" on his political career but made clear he would continue to make his political views known and anoint right-wing favourites.

Sarkozy is married to former singer and model Carla Bruni, with whom he has a nine-year-old daughter.

He has also been charged over allegations he received millions of euros from the late Libyan dictator Moamer Kadhafi for his 2007 election campaign.

And in January, prosecutors opened a probe into alleged influence-peddling involving his activities as a consultant in Russia.

Comments

Comments are closed.