French Police Raid Sarkozy’s Home, Offices in Illicit-Campaign-Funding Inquiry

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LUDOVIC / POOL / SIPA

Nicolas Sarkozy attends a national ceremony of remembrance in Paris on June 14, 2012, for four French soldiers killed in a suicide attack in Afghanistan

Former French President Nicolas Sarkozy may be gone from power, but he’s not forgotten — especially among French justice officials. On Tuesday, investigating magistrates looking into alleged illegal campaign funding of Sarkozy’s conservative Union for a Popular Movement (UMP) party raided three different sites linked to the former head of state — including the swank 16th-arrondissement villa, Montmorency, he shares with his millionaire wife Carla Bruni. It’s unknown whether those searches turned up anything salient to the high-profile case, which involves at least one person claiming that Sarkozy himself pocketed illicit donations for his 2007 presidential campaign. Sarkozy has previously denied that he or his party received such funds. The former President did not immediately respond to Tuesday’s developments from Canada, where he’s spending what is now a ruined family vacation.

The raids — which also targeted the offices of Sarkozy’s personal attorney as well as his own legal practice — were launched by judges investigating allegations of illegal campaign financing that arose from a long-running, real-life soap opera. It began with a legal case filed by the daughter of billionaire L’Oréal heiress Liliane Bettencourt, who claimed her frail mother was being fleeced by a cabal of unscrupulous, self-serving advisers and intimates – one of whom received “gifts” from the elder Bettencourt of over $1 billion, including a tropical island. The inquiry into those contentions has since snaked outward into the political world, where they’ve ensnared several leading UMP officials, including key Sarkozy backers. Press revelations in the case produced both substantiated accusations and unconfirmed claims that combined to create a negative image of France’s former ruling conservatives in the public mind — all of which factored significantly into Sarkozy’s re-election loss. Central to it was the perception that Sarkozy and the right accorded favors, tailored policy and even turned a blind eye to tax evasion to retain the political and financial support of their superwealthy patrons. By mid-2010, the scent of scandal had become so strong within Sarkozy’s inner circle that the President was forced to use a nationally televised address to counterattack — with limited success, as the election results attested in the end.

The Bettencourt affair only snowballed from there. One Cabinet member central to Sarkozy’s reform drive was ultimately dropped from the government after Bettencourt employees claimed he’d repeatedly acted as the UMP’s bagman for illegal campaign donations. Later on, the former chief of France’s domestic intelligence agency and one of the country’s most powerful prosecutors — both well-known Sarkozy devotees — were, respectively, placed under investigation in the case.

As the scandal raged and the inquiry pressed ahead, Sarkozy would issue the occasional denial or lament that new revelations in the case were too fanciful to be taken seriously. All that changed on June 15, however, when the presidential immunity Sarkozy enjoyed expired in the wake of his May re-election defeat. As much of France watched in anticipation of the investigating magistrates quickly calling the former leader in for interrogation, Sarkozy took the initiative by sending justice officials his personal agendas from the 2007 period in question. Those, his lawyer says, clearly show Sarkozy’s schedule was so crammed at the time that he couldn’t have possibly stopped by the Bettencourt home to receive money on the dates claimed — especially without drawing the crowds and media attention that the then front-running candidate attracted.

Still, many observers believe that Sarkozy may well become only the second former French leader in history to be implicated in a criminal case — the first being his predecessor as President, Jacques Chirac, who was indicted and convicted on corruption charges. To make matters worse, the Bettencourt caper is also only one of four legal investigations that could ultimately thrust Sarkozy directly into the fast-charging headlines of French legal inquiries.

8 comments
Firozali A.Mulla
Firozali A.Mulla

Even if Romney is right and Russia is the USA?s greatest geopolitical foe, his remarks show what a lousy politician and leader he is. Why say it in the open? What purpose it serves to make a statement like that? Romney?s statement indicates that he is unfit for the position he is campaigning for. Further, when Romney made his remarks about Russia, he showed that he lacks basic analytical skills: Which countries are rising as economically, which countries threaten the US?s standing, which parties have an alternative way of living that spans national boundaries, etc.? The answer to all of these questions is not Russia! China is a rising power that threatens American standing in the world. Islamism challenges the western way of living and ?western paradigm.? Russia wants respect, recognition, and the upper hand in Russia?s ?near abroad.? This is not to say that America should plainly provide Russia that, but, also this does not make Russia America?s greatest geopolitical foe. We should make no mistake Russia is not a Canada also. America competes with Russia in certain fields, but, the two countries interests meet when it comes to many vital issues. For example, Russia is needed to balance against China. Russia and China, if the US stops antagonizing both (emphasis added), are destined to collide. As for terrorism the two countries face the same enemy. So, Russia is a partner and a potential ally in the fight against the greatest challenges that the US faces. This does not make Russia America?s greatest foe! Obama is wrong in many foreign policies, but, in the reset with Russia Obama was right yesterday, as the rest of us scarfed down hot dogs, ousted Barclays CEO Bob Diamond was feeling ?physically ill.? The culprit? A set of colourful emails exchanged between Barclays employees, released as part of the bank?s $450 million settlement over accusations of illegal interest-rate manipulation. When Barclays conspired to tell big financial lies, it left a digital paper trail miles long. From January 2005 to June 2009, the bank admitted, its derivative traders repeatedly asked their colleagues to submit fake data to authorities and Thomson Reuters. The goal was to manipulate two of the most important numbers in finance, LIBOR and EURIBOR, rates that underpin everything from mortgages to student loans. The bogus submissions likely did the job, moving the numbers along on a rate roller-coaster?especially during the financial crisis. What does that mean to you? In the simplest possible terms: say you have a $50,000 small-business loan or adjustable-rate mortgage, and its interest rate is ?5 percent plus LIBOR??in fact, a lot are. If Barclays and other banks submit fake figures to raise LIBOR by 1 percent, you?re out $500 more a month. (If they?re the ones who gave you the loan, that?s $500 in their pocket.) And if the banks depress LIBOR, and you?re an investor who owns $50,000 in 5-plus-LIBOR percent bonds (even through a mutual fund), it?s the same story. So how did Barclays, in particular, pull this off? Whispered conversations and glad-handing in smoky London backrooms? No. According to the settlement, ?at least one derivatives trader at Barclays would shout across? the office before making illegal requests of the data submitters. The indiscreet interest-rate impostors even sent seductive salvos over internal email. After trawling through the settlement, we?ve identified some of the most bald-faced messages. While the messages don?t paint a flattering portrait of Barclays, they also raise awkward questions for other banks?as well for the British government, which allegedly encouraged the rate fixing. On all these days, Barclays was trading LIBOR-indexed securities. Be warned, these aren?t for the financially faint of heart.In order to help us understand the evil nature of Russia as compared to the benevolent nature of the NATO allies, could you provide a list of places Russia has bombed the heck out of since 1945, and include a list of countries the NATO allies have tried to send back to the stone age so we can come to a logical decision. That would not include Georgia-Russia Mini-War, since contrary to the false statement in this article, Georgia was the nation which started hostilities. Please don't try to sneak Afghanistan in either, because it has been published in many reliable news sources that the Carter administration induced the peace loving Soviets to make war in Afghanistan as a means of bleeding the peace loving Soviet Union to death.Probably good to include a list of phony "NGOs" trying to influence politics all over the world, as compared with the Russian "Real-Estate-Soccer-Mom-Sleeper-Spy-Ring" recently routed by the FBI to show..."the FBI were not asleep?" , The "Soccer Mom Sleeper Spy Real Estate Agents" were not raising "Russian 'Young Soccer Stars on Steroids' ", spoiling the fairness of youth soccer games on the East Coast? Utilizing "American Exceptionalism", plus ex-Soviet athletic hormone research so as to develop a generation of "Super Athletes" who would then move back to the Motherland and dominate soccer world wide, thumbing their noses at non-Russian teams, causing mass suicide among fans everywhere by beating good soccer teams. (while the Russian teams have one foot tied behind their backs). The final blow to the NATO allies teams will be when the Russians combine a gene from the bat into the ears of their soccer players so their teams can play while wearing blindfolds, and the only fantasy left with any hope in London will be the Royal Navy singing, "Rule Britania, Britania rules the Thames." from their aircraft carrier, "guarding the Olympics" !!! Guarding the Olympics !!! From the river Thames!!! (Perhaps expecting an invasion of "Chinese Sleeper Terrorists" hiding out for generations in Limehouse who have bothered to read the history of the Opium Wars and have decided this is a good time for payback!) One hopes it is a coal fired aircraft carrier, because if it sneaks off to start a new "Falklands War", they had better take their American Express Card with them. Or maybe take some oars to stick through the portholes in the side of that thing!Prime Minister David Cameron, my advice is... become a Catholic like Tony Blair. The Pope has a lot of money, and if you ever get charged with war crimes, (does Libya ring a bell?) the Pope can throw your bail. Your only other chance for staying out of stir is to "poodle up" to the Americans. You can get your own Chevy Suburban and fly down the freeway guzzling fuel on your way to McDonalds. You will have achieved the "American Dream". Too bad Americans can't. Russia with Putin at its helm is a dangerous country. The author does not recognize that there have been huge geo-political shifts lately, things that are easy to look over when you are blindly supporting a single candidate for re-election. Putin only respects strength, if you don't respond with strength Russia will view that as a carte blanche invitation to pursue its goals of expansion both in regaining a foothold over central asia and winning political friends abroad. Obama's foreign policy has been hit and miss, we need someone, whether it is Romney or not, that will have a bit more executive experience, in order to lead America through this next global economic transition of soft power. Does the US really need to invest more in defense? Not really, that could have been a sufficient argument for this author. You cannot negotiate with Russia if they view your position as weak. That is why they have not listened to any of the criticisms from the state department, because their words have been mere paper tigers. We won't go to war with Russia as this author would like us to believe, that would be economically stupid for both countries. Ok I think I have made my point. Life is what happens while you are making other plans I thank you Firozali A.Mulla DBA

Femo Jandonskie De Jandon
Femo Jandonskie De Jandon

I have said it before, and quote me, every one that was involved in the premeditated murder of Ghaddaffi would lose their seat! Gone is Berlusconi, and now, Sarkozy. Obama would lose in Nov 12 (narrowly) and then David Cameron outsted by Feb 2013. Hopefully they will also discover evidence of Ghaddaffi's contribution to Sarkozy campaign fund. Ghaddaffi was not a saint, but neither were these murderers who had to kill him to ensure their secrets do not spill out. Trusth cannot be hidden forever, fortunately

mamaotis
mamaotis

Strauss-Kahn on the hot seat, losing his position as head of IMF as well as a go at the presidency. Now Sarkozy on the hot seat having lost his bid for re-election. And that fellow Chirac yet another wayward French president. Presidents and potential presidents just aren't what they used to be, which we in the US can attest to. At least in France such high flying ducks get investigated, while here we like to conveniently sweep transgressions of our cherished presidents under the rug. I hear it's to keep our image clean, if anyone's imagination can stretch that far.

bojimbo26
bojimbo26

Once you leave public office ................. .

tommariner
tommariner

One hopes that this sets a precedent that a losing politician will have his life turned upside down by the brutal power of a full government. It will something for President Hollande to look forward to when he leaves office -- a fitting present.

Eisenhower_Dwight_D_USA
Eisenhower_Dwight_D_USA

Yes, I agree. George W. Bush should have been indicted for causing 911 to happen by being asleep at the wheel, with the consummate destruction of the US economy via a war in Iraq under false pretenses of WMDs. Only 10 trillion in toto when it is all uncovered in 2020, not to mention the tens of thousands of US troopers grievously wounded or killed fighting Sadaam and 200K dead Iraqi men, women and children, the recruitment of hundreds of thousands globally into Islamic terrorist organizations and the permanent destabilization of the Middle East; all when we should have been killing the Taliban and OBL in Afghanistan. Mission Accomplished?. May we never have a POTUS as criminally inept, grossly myopic and intellectually moronic as GWB again. May God Bless our US of A, this 4th of July.

willowdee
willowdee

Ole "Ike" was no angel either!  He was a racist and a bigot.