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Sunday, June 17, 2012

France’s Sarkozy In Trouble With The Law?

Agosta-90BFrance’s former President Nicolas Sarkozy may face criminal charges for taking bribes on military contracts and for illegal campaign funding. He risks going to jail for five years if found guilty.

Sarkozy, whose presidential immunity expires this week, denies wrongdoing. But there are at least two cases in which the ex-president will have to testify.

One involves Liliane Bettencourt, France’s richest woman and heiress of the L’Oreal cosmetics giant. In 2007, she allegedly transferred large sums to Swiss banks in a suspected tax evasion plot. Later, part of that money ended up on Sarkozy’s campaign accounts.

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