Former French president Nicolas Sarkozy was on Thursday sentenced to five years in prison after being found guilty of criminal conspiracy over accusations the late Libyan dictator Muammar Qaddafi helped fund his victorious 2007 presidential run.
Sarkozy, who has always denied the charges, was accused of making a deal with Qaddafi to obtain campaign financing in exchange for supporting the then-isolated Libyan government on the international stage.
In a major surprise, the judge told the 70-year-old politician that even if he appealed the verdict, he should still be incarcerated. Should Sarkozy go to prison, he would be the first president in the history of modern France to do so. He was also fined €100,000 ($117,400) and banned from holding public office.
Sarkozy said after the verdict he was the victim of scandalous injustice and hatred that “has no limits”. He said he would appeal against the decision, which "undermined confidence in the French justice system". He would "sleep in prison with my head held high", he said.
The Paris court ordered that Sarkozy should be placed in custody at a later date, with prosecutors given one month to inform the former head of state when he should be put behind bars.
He was convicted in a case concerning allegations his winning campaign was covertly bankrolled by millions of euros from the late Muammar Qaddafi’s regime in exchange for diplomatic favours.
Sarkozy, who was present in court, was acquitted on three other charges, including passive corruption, illegal campaign financing and concealment of the embezzlement of public funds.
Sarkozy has already been convicted in two separate cases and stripped of France's highest honour.
The court also found two of Sarkozy’s closest associates when he was president – former ministers Claude Gueant and Brice Hortefeux – guilty of criminal association but likewise acquitted them of some other charges.
The verdicts appeared to suggest the court believed the trio had conspired to seek Libyan funding for Sarkozy’s 2007 campaign but that judges were not convinced the conservative leader himself was guilty of then putting the scheme in place.
The court said it could not determine with certainty that Libyan money ended up financing Sarkozy’s campaign. Still, under French law, a corrupt scheme can still be a crime even if money was not paid or cannot be proven, the court explained.
In an hours-long reading of the verdict, chief judge Nathalie Gavarino said Sarkozy allowed his close associates to reach out to Libyan authorities “to obtain or try to obtain financial support in Libya for the purpose of securing campaign financing”. The disgraced former president stood as she read out the verdict.
His wife, the singer and model Carla Bruni-Sarkozy, was present in the courtroom as were his three adult sons.
Franco-Lebanese businessman Ziad Takieddine, a key accuser of Sarkozy in the case, died on Tuesday in Beirut.
Mr Takieddine had claimed several times that he helped deliver up to €5 million ($5.8 million) in cash from Qaddafi to Sarkozy and the former president's chief of staff in 2006 and 2007.
Sarkozy, who was took office in 2007 but lost his bid for re-election in 2012, denied all wrongdoing during a three-month trial earlier this year that involved 11 co-defendants, including three former ministers.
Despite several legal scandals clouding his presidential legacy, Sarkozy remains an influential figure in right-wing politics in France and in entertainment circles, by virtue of his marriage.
Alleged Libya financing
The roots of the accusations can be traced back to 2011, when a Libyan news agency and Qaddafi himself said the Libyan state had secretly funnelled millions of euros into Sarkozy’s 2007 presidential campaign.
In 2012, the French investigative outlet Mediapart published what it said was a Libyan intelligence memo referencing a €50 million-funding agreement. Sarkozy denounced the document as a forgery and sued for defamation.
French magistrates later said the memo appeared to be authentic, though no conclusive evidence of a completed transaction was presented at the three-month Paris trial.
Investigators also looked into a series of trips to Libya made by people close to Sarkozy when he served as interior minister from 2005 and 2007, including his chief of staff.
Prosecutors alleged Sarkozy had knowingly benefited from what they described as a “corruption pact” with Qaddafi’s government.
Libya’s long-time dictator was toppled and killed in an uprising in 2011, ending his four-decade rule of the North African country.
The trial shed light on France’s back-channel talks with Libya in the 2000s, when Qaddafi was seeking to restore diplomatic ties with the West. Before that, Libya was considered a pariah state.
Sarkozy had dismissed the allegations as politically motivated, reliant on forged evidence. During the trial, he denounced a “plot” he said was staged by “liars and crooks” including the “Qaddafi clan.”
He suggested the allegations of illegal campaign financing were retaliation for his call – as France’s president – for Qaddafi’s removal.
Sarkozy was one of the first Western leaders to push for military intervention in Libya in 2011.
RESULTS
Bantamweight:
Zia Mashwani (PAK) bt Chris Corton (PHI)
Super lightweight:
Flavio Serafin (BRA) bt Mohammad Al Khatib (JOR)
Super lightweight:
Dwight Brooks (USA) bt Alex Nacfur (BRA)
Bantamweight:
Tariq Ismail (CAN) bt Jalal Al Daaja (JOR)
Featherweight:
Abdullatip Magomedov (RUS) bt Sulaiman Al Modhyan (KUW)
Middleweight:
Mohammad Fakhreddine (LEB) bt Christofer Silva (BRA)
Middleweight:
Rustam Chsiev (RUS) bt Tarek Suleiman (SYR)
Welterweight:
Khamzat Chimaev (SWE) bt Mzwandile Hlongwa (RSA)
Lightweight:
Alex Martinez (CAN) bt Anas Siraj Mounir (MAR)
Welterweight:
Jarrah Al Selawi (JOR) bt Abdoul Abdouraguimov (FRA)
MATCH INFO
Manchester City 1 (Gundogan 56')
Shakhtar Donetsk 1 (Solomon 69')
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
New UK refugee system
- A new “core protection” for refugees moving from permanent to a more basic, temporary protection
- Shortened leave to remain - refugees will receive 30 months instead of five years
- A longer path to settlement with no indefinite settled status until a refugee has spent 20 years in Britain
- To encourage refugees to integrate the government will encourage them to out of the core protection route wherever possible.
- Under core protection there will be no automatic right to family reunion
- Refugees will have a reduced right to public funds
The five pillars of Islam
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
F1 line ups in 2018
Mercedes-GP Lewis Hamilton and Valtteri Bottas; Ferrari Sebastian Vettel and Kimi Raikkonen; Red Bull Daniel Ricciardo and Max Verstappen; Force India Esteban Ocon and Sergio Perez; Renault Nico Hülkenberg and Carlos Sainz Jr; Williams Lance Stroll and Felipe Massa / Robert Kubica / Paul di Resta; McLaren Fernando Alonso and Stoffel Vandoorne; Toro Rosso TBA; Haas F1 Romain Grosjean and Kevin Magnussen; Sauber TBA
Skoda Superb Specs
Engine: 2-litre TSI petrol
Power: 190hp
Torque: 320Nm
Price: From Dh147,000
Available: Now
Countdown to Zero exhibition will show how disease can be beaten
Countdown to Zero: Defeating Disease, an international multimedia exhibition created by the American Museum of National History in collaboration with The Carter Center, will open in Abu Dhabi a month before Reaching the Last Mile.
Opening on October 15 and running until November 15, the free exhibition opens at The Galleria mall on Al Maryah Island, and has already been seen at the Jimmy Carter Presidential Library and Museum in Atlanta, the American Museum of Natural History in New York, and the London School of Hygiene and Tropical Medicine.
The specs
- Engine: 3.9-litre twin-turbo V8
- Power: 640hp
- Torque: 760nm
- On sale: 2026
- Price: Not announced yet
Western Region Asia Cup T20 Qualifier
Sun Feb 23 – Thu Feb 27, Al Amerat, Oman
The two finalists advance to the Asia qualifier in Malaysia in August
Group A
Bahrain, Maldives, Oman, Qatar
Group B
UAE, Iran, Kuwait, Saudi Arabia
UAE group fixtures
Sunday Feb 23, 9.30am, v Iran
Monday Feb 25, 1pm, v Kuwait
Tuesday Feb 26, 9.30am, v Saudi
UAE squad
Ahmed Raza, Rohan Mustafa, Alishan Sharafu, Ansh Tandon, Vriitya Aravind, Junaid Siddique, Waheed Ahmed, Karthik Meiyappan, Basil Hameed, Mohammed Usman, Mohammed Ayaz, Zahoor Khan, Chirag Suri, Sultan Ahmed
Emergency
Director: Kangana Ranaut
Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry
Rating: 2/5
Race%20card
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