Read more about Nicolas Sarkozy gets house arrest over illegal campaign financing on Business Standard. Sarkozy, France’s president from 2007 to 2012, has vigorously denied wrongdoing during the May-June trial
Former French President is facing a potential prison term in a verdict to be rendered on Thursday about campaign financing in his unsuccessful 2012 re-election bid a ruling that comes seven months after he was convicted in a corruption and influence peddling case. Sarkozy, France’s president from 2007 to 2012, has vigorously denied wrongdoing during the May-June trial. He is accused of having spent almost twice the maximum legal amount of 22.5 million euros (USD 27.5 million) on the reelection bid that he lost to Socialist Francois Hollande. Prosecutors have requested a six-month prison term, as well as a six-month suspended sentence and a fine of 3,750 euros (USD 4,354).
