• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

France’s top court upholds Sarkozy’s corruption conviction

by December 18, 2024
written by December 18, 2024

Investing.com — France’s highest court, the Cour de Cassation, upheld the conviction of former President Nicolas Sarkozy for corruption and influence peddling on Wednesday. Sarkozy had challenged his 2021 conviction, which carried a three-year prison sentence, with two years suspended. Instead of serving time in prison, the former president will wear an electronic monitoring bracelet for the final year of his sentence.

Sarkozy, a notable figure in French politics despite leaving office in 2012, was found guilty by a lower court for attempting to bribe a judge and trading influence for confidential information about an investigation into his 2007 campaign finances. The court determined that Sarkozy conspired to secure a job in Monaco for a judge in return for inside information about a probe into allegations of accepting illegal payments from Liliane Bettencourt, the L’Oreal heiress.

The judge, Gilbert Azibert, was also convicted for corruption and influence peddling. Sarkozy is due to stand trial next year on corruption and illegal financing charges related to alleged Libyan funding of his successful 2007 presidential bid. He denies all allegations of wrongdoing.

If found guilty in the Libya case, Sarkozy could face a prison sentence of up to 10 years. Sarkozy’s predecessor, Jacques Chirac, 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 leaving his post.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Factbox-Global brokerages expect Fed to cut rates by 25 bps
next post
As bitcoin soars, luxury brands consider accepting crypto payments

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks

      June 26, 2025
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

      June 26, 2025
    • Bumble shares jump 26% as dating company plans to axe 30% of workforce

      June 26, 2025
    • Small-business AI use is lagging, but one firm is channeling Sherlock Holmes and knocking out ‘grunt work’

      June 25, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (534)
    • Stock (6,426)

    Latest News

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

    Popular News

    • Bill Ackman expects Trump to privatize Fannie Mae and Freddie Mac
    • Party City to close all of its stores, report says

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy