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Sarkozy Home searched as part of campaign financing probe

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Sarkozy Home searched as part of campaign financing probe

Post  Panda on Thu 2 Aug - 11:15

3 July 2012 Last updated at 23:54 Share this pageEmail Print Share this page

927ShareFacebookTwitter.French police search Nicolas Sarkozy home and office The allegations relate to the financing of Mr Sarkozy's 2007 election campaign Continue reading the main story
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How 'rotten' is French politics?

Police have carried out searches of the home and offices of former French President Nicolas Sarkozy as part of a campaign financing probe.

A law firm in which Mr Sarkozy owns shares was also searched, reports say.

The investigation is related to allegations that Mr Sarkozy's 2007 presidential election campaign received illegal donations from France's richest woman, Liliane Bettencourt.

Mr Sarkozy has previously denied all wrongdoing.

He is currently in Canada with his family, his lawyer, Thierry Herzog, told the AFP news agency.

In presidential elections in May, Mr Sarkozy lost to Socialist challenger Francois Hollande, and his presidential immunity from prosecution ended on 16 June.

Tens of thousands of euros were allegedly funnelled to Mr Sarkozy's campaign by Ms Bettencourt's office.

Christian Fraser

BBC News, Paris

It is not so much the investigation; we have known for some time that magistrates were looking closely at the affairs of the last president and how his 2007 campaign was funded. What is far more significant is the speed with which Tuesday's operation was mounted. Nicolas Sarkozy lost the cloak of presidential immunity on 16 June and within a month his home and offices have been raided, seemingly without warning.

We don't know what was taken but it seems clear now that on the basis of witness evidence gathered, the financial crimes unit is looking for a "smoking gun". Mr Sarkozy has vehemently denied there is one to find. But then so did his predecessor!

It took the French authorities five years to catch up with former President Jacques Chirac. But in December, after a long running investigation - and no end of attempts by Mr Chirac to avoid justice - he was found guilty and handed a two-year suspended sentence for corruption. There was criticism for years that Mr Chirac had been shown favourable treatment. That is plainly not the case with Mr Sarkozy.

This operation may have uncovered nothing in material evidence but there is no escaping the symbolism. And this won't be the first or the last time Mr Sarkozy faces embarrassing questions over influence and campaign funding.

Individual campaign contributions in France are limited to 4,600 euros ($5,800).

"These raids... will as expected prove futile," Mr Herzog said in a statement.

'Lies and calumny'

An investigating magistrate is looking into claims that staff acting for the L'Oreal heiress Liliane Bettencourt, gave 150,000 euros in cash to Mr Sarkozy's aides during his 2007 bid to become president.

Ms Bettencourt's former accountant, Claire Thibout, alleges Mr Sarkozy's campaign treasurer - Eric Woerth - who later became his budget minister - collected the cash in person.

In addition, there are other witnesses who allege that during the 2007 campaign, Mr Sarkozy made several private visits to Ms Bettencourt's home.

But Mr Herzog has said that Mr Sarkozy's detailed diary, from the time he was interior minister and accompanied everywhere by police officers, will prove that claims of him attending those meetings were "materially impossible".

Eric Woerth is already under criminal investigation.

The charges in his case relate to claims he had used his influence as a minister to secure France's highest award, the Legion d'honneur, for Mrs Bettencourt's financial manager.

But as yet he is not under criminal investigation for the wider allegation of illegal campaign financing.

The former president has condemned the allegations he is facing as "lies and calumny".

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Re: Sarkozy Home searched as part of campaign financing probe

Post  Panda on Thu 2 Aug - 11:19

This is the Lady financing Sarkozy campaign.

1 August 2012 Last updated at 21:29 Share this pageEmail Print Share this page

251ShareFacebookTwitter.L'Oreal heiress Bettencourt sells Seychelles island Mrs Bettencourt's financial affairs have rarely been out of the media glare in recent years Continue reading the main story
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L'Oreal heiress Liliane Bettencourt has sold a Seychelles island at the centre of a tax evasion case, says the government of the island chain.

Mrs Bettencourt sold D'Arros island for $60m (£39m), having bought it in 1998 for $18m, said Seychelles Habitat Minister Christian Lionnet.

He said she had also agreed to settle $8m in unpaid taxes from its purchase.

The island purchase came to light in 2010 when Mrs Bettencourt was being investigated by French tax authorities.

The 89-year-old heiress is now back in the spotlight amid allegations that she made illicit donations to the election campaign of former French President Nicolas Sarkozy.

Mr Sarkozy's house was raided a month ago as part of the police investigation.

'Tax haven'

Mr Lionnet said Mrs Bettencourt had now sold D'Arros and surrounding islands to a firm affiliated to the Swiss-based Save Our Seas Foundation - a marine conservation group.

In a statement on its website, Save Our Seas said it had agreed to manage the islands, which are turtle breeding grounds, on behalf of the Seychelles government.

It said it would "undertake all what is necessary to protect this unique piece of land in the world and to preserve the environmental legacy of this exceptional group of islands in the Seychelles".

Mrs Bettencourt's ownership of D'Arros was revealed in 2010, when media reports claimed she had not declared the purchase to French authorities and was using the island as a tax haven.

She has since admitted evading tax on money held in foreign bank accounts.

With the sale of the islands, Mrs Bettencourt has agreed to pay the Seychelles government $8m in taxes outstanding from her purchase of the island, Mr Linnet said.

He said she would pay a further $10.5m in stamp duty and other taxes on the current sale


When is the British Government going to chase up our Tax dodgers??

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