Day Trading Reports
  • Business
  • World News
  • Politics
  • Investing
  • Business
  • World News
  • Politics
  • Investing

Day Trading Reports

Politics

Former French President Nicolas Sarkozy sentenced to five years in Libya corruption case

by admin September 26, 2025
September 26, 2025
Former French President Nicolas Sarkozy sentenced to five years in Libya corruption case

Former French President Nicolas Sarkozy has been sentenced to five years in prison after being found guilty of criminal conspiracy in a scheme to finance his 2007 presidential campaign with Libyan funds, The Associated Press reported Thursday.

The ruling marks the first time in modern French history that a former president will serve time behind bars. 

The court in Paris said Sarkozy, 70, would not be taken into custody immediately but will begin serving his sentence on a date to be determined later.

‘If they absolutely want me to sleep in prison, I will sleep in prison. But with my head held high. I am innocent. This injustice is a scandal,’ Sarkozy said outside the courthouse with his wife, singer and model Carla Bruni-Sarkozy, according to the AP. 

‘What they humiliated today is France,’ he insisted. 

The panel of judges found Sarkozy guilty of criminal association between 2005 and 2007, when he served as interior minister. 

He was also found guilty of permitting close aides to seek campaign money from Libya in exchange for diplomatic favors during the rule of late dictator Muammar Gaddafi.

He was however acquitted of three other charges, including passive corruption and illegal campaign financing.

In court, chief judge Nathalie Gavarino also said the conspiracy aimed ‘to prepare an act of corruption at the highest possible level in the event that you were elected President of the Republic,’ the AP reported. 

She also described the facts as ‘exceptionally serious’ and damaging to public trust in democratic institutions.

Sarkozy, who led France from 2007 to 2012, had rejected the allegations during the three-month trial, calling them an ‘idea’ pushed by aides without his approval. 

‘I am being convicted for supposedly allowing my staff to pursue the idea — the idea of illegal financing,’ he said.

Two of Sarkozy’s longtime allies were also convicted Thursday. 

Former Interior Minister Brice Hortefeux received a two-year sentence to be served under electronic monitoring.

Claude Guéant, Sarkozy’s ex-chief of staff, was sentenced to six years in prison but spared immediate incarceration for health reasons. 

Judges said the men had secretly met with Libyan intelligence chief Abdullah al-Senoussi, brother-in-law of Moammar Gadhafi, as part of a ‘corruption pact.’

The court also noted it could not prove Libyan funds directly reached Sarkozy’s campaign but said French law allows conviction if corrupt intent is established, even without a financial transfer.

Sarkozy has since vowed to appeal.

The case traces back to 2011, when Libyan officials claimed Tripoli funneled millions of euros to Sarkozy’s campaign. 

He has also faced multiple legal battles since leaving office, including separate convictions for corruption and illegal campaign financing. 

This post appeared first on FOX NEWS

previous post
Comey indicted for alleged false statement, obstruction of justice
next post
Ben & Jerry’s co-founder resigns, claiming parent company Unilever ‘silenced’ its campaigning

Related Posts

TikToker knocks Harris’ ‘weird’ take on never released...

July 9, 2025

Trump-Putin meeting agreed upon ‘in principle,’ Kremlin aide...

August 8, 2025

Trump wishes Biden ‘fast and successful recovery’ after...

May 19, 2025

Hakeem Jeffries demands Trump ‘justify’ striking Iran, but...

June 24, 2025

American Airlines flight carrying US lawmakers ‘bumped’ by...

April 11, 2025

Only the US military can take out Iran’s...

June 18, 2025

HHS downsizing begins amid RFK Jr. ‘Make America...

April 2, 2025

America must win the AI race — and...

July 29, 2025

Heritage Foundation founder Edwin J. Feulner dies at...

July 19, 2025

Trump quips he’d ‘love’ to run against Obama...

April 1, 2025

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Editors’ Picks

    • 1

      Forum Energy Metals and Global Uranium Announce Exploration Update on Drill Targeting, Northwest Athabasca Project, Saskatchewan

      January 31, 2025
    • 2

      Mega M&A: Rio Tinto-Glencore Merger Sparks Chatter

      January 28, 2025
    • 3

      Excellent 90% recoveries at Cork Tree Well & Board Update

      February 17, 2025
    • 4

      Rare Earths Stocks: 9 Biggest Companies in 2025

      April 8, 2025
    • 5

      Netflix shares soar as company reports surging revenue, tops 300 million subscribers

      January 23, 2025
    • 6

      Financial Agreement signed releasing $2M grant

      January 23, 2025
    • 7

      Cyclopharm Signs US Agreement with HCA Healthcare for Technegas®

      January 23, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: daytradingreports.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 daytradingreports.com | All Rights Reserved