👀 Copy Legendary Investors' Portfolios in One ClickCopy For Free

France's highest court upholds Sarkozy's corruption conviction

Published 12/18/2024, 08:12 AM
Updated 12/18/2024, 09:26 AM
© Reuters. France's former President Nicolas Sarkozy looks on as he attends commemorations marking the 106th anniversary of the November 11, 1918, Armistice, ending World War I (WWI), on the Place de l'Etoile, in Paris, on November 11, 2024. LUDOVIC MARIN/Pool via R

By Makini Brice and Juliette Jabkhiro

PARIS (Reuters) -The Cour de Cassation, France's highest court, upheld on Wednesday former President Nicolas Sarkozy's conviction for corruption and influence peddling.

Sarkozy had appealed against the 2021 conviction for corruption and influence peddling, in which he had been handed a three-year prison sentence. Two of the years were suspended and Sarkozy would wear an electronic monitoring bracelet instead of going to prison for the last year.

Patrice Spinosi, lawyer for Sarkozy, said Sarkozy would appeal to the European Court for Human Rights to challenge the ruling.

"The challenge that I will be bringing to the European Court of Human Rights may, alas, lead to a condemnation against France," wrote Sarkozy on social media network X.

"I want to once again state that I am clearly innocent," he added.

Spinosi added Sarkozy would comply with the ruling which forces him to wear an electronic bracelet but would continue to use all legal means available to him to prove his innocence.

Sarkozy, a conservative who remains an important figure in French politics even after leaving office in 2012, had been found guilty by a lower court of trying to bribe a judge and of peddling influence in exchange for confidential information about a probe into his 2007 campaign finances.

The court found that Sarkozy conspired to secure a job in Monaco for a judge in exchange for inside information about an investigation into allegations that Sarkozy had accepted illegal payments from L'Oreal heiress Liliane Bettencourt.

The judge, Gilbert Azibert, was also convicted for corruption and influence peddling.

Sarkozy is expected to stand trial next year on corruption and illegal financing charges related to alleged Libyan funding of his successful 2007 presidential bid. Sarkozy denies all wrongdoing.

© Reuters. France's former President Nicolas Sarkozy looks on as he attends commemorations marking the 106th anniversary of the November 11, 1918, Armistice, ending World War I (WWI), on the Place de l'Etoile, in Paris, on November 11, 2024. LUDOVIC MARIN/Pool via REUTERS

If convicted in the Libya case, Sarkozy could face up to 10 years in prison.

Sarkozy's predecessor, Jacques Chirac, a fellow conservative, is the only other president in modern French history to be convicted by a court. Chirac was found guilty of corruption in 2011, four years after he left office.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.