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Former France president Nicholas Sarkozy has been found guilty of illegaly financing his 2012 re-election campaign on Thursday, making him the first head of state since the second world war to receive two jail terms.
This is the second guilty charge for Sarkozy—he was found guilty of corruption in a separate trial six months prior when he was sentenced to three years in prison. Two of the years were later reduced to a suspended sentence.
In what became known as the “Bygmalion affair,” named after the public relations firm that masked the true cost of Sarkozy’s campaign, criminal investigators discovered the former Les Républicains leader knowingly spent nearly twice the legal limit in financing his 2012 campaign. Sarkozy spent approximately €42.8 million (US $49.7 million), significantly surpassing the €22.5 million legal limit in what would ultimately be a losing effort.
The court stated that Sarkozy was aware of the situation prior to the 2012 election and voluntarily failed to monitor continued expenditures after the fact. Sarkozy denied having direct knowledge of the amount spent and insisted that his campaign team was in exclusive control over funding.
Thirteen co-defendants involved with the campaign—including members of Sarkozy’s conservative party, accountants, and members of Bygmalion—have also been found guilty.
However, it is unlikely that Sarkozy will spend any time physically behind bars. The judge said that he could serve the time at home wearing an electronic monitoring bracelet. Sarkozy’s lawyers have stated that they will appeal the decision.
The post Former France president found guilty of violating campaign financing laws appeared first on JURIST - News - Legal News & Commentary.
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This is the second guilty charge for Sarkozy—he was found guilty of corruption in a separate trial six months prior when he was sentenced to three years in prison. Two of the years were later reduced to a suspended sentence.
In what became known as the “Bygmalion affair,” named after the public relations firm that masked the true cost of Sarkozy’s campaign, criminal investigators discovered the former Les Républicains leader knowingly spent nearly twice the legal limit in financing his 2012 campaign. Sarkozy spent approximately €42.8 million (US $49.7 million), significantly surpassing the €22.5 million legal limit in what would ultimately be a losing effort.
The court stated that Sarkozy was aware of the situation prior to the 2012 election and voluntarily failed to monitor continued expenditures after the fact. Sarkozy denied having direct knowledge of the amount spent and insisted that his campaign team was in exclusive control over funding.
Thirteen co-defendants involved with the campaign—including members of Sarkozy’s conservative party, accountants, and members of Bygmalion—have also been found guilty.
However, it is unlikely that Sarkozy will spend any time physically behind bars. The judge said that he could serve the time at home wearing an electronic monitoring bracelet. Sarkozy’s lawyers have stated that they will appeal the decision.
The post Former France president found guilty of violating campaign financing laws appeared first on JURIST - News - Legal News & Commentary.
Continue reading...
Note: We don't have any responsibilities about this news. Its been posted here by Feed Reader and we had no controls and checking on it. And because News posted here will be deleted automatically after 21 days, threads are closed so that no one spend time to post and discuss here. You can always check the source and discuss in their site.