Business Standard

Sarkozy gets house arrest over illegal campaign financing

- SYLVIE CORBET

French ex-president Nicolas Sarkozy was convicted and sentenced to a year of house arrest Thursday for illegal campaign financing of his unsuccessf­ul 2012 reelection bid.

The court will allow him to serve the sentence at home by wearing an electronic monitoring bracelet.

Sarkozy, France's president from 2007 to 2012, had vigorously denied wrongdoing during the trial in May and June. He can appeal the decision, which would suspend the sentence. Sarkozy wasn't present at the Paris court for the ruling. He was accused of having spent almost twice the maximum legal amount of 22.5 million euros ($27.5 million) on the reelection bid that he lost to Socialist Francois Hollande.

The court stated that Sarkozy “knew” the legal limit was at stake and “voluntaril­y” failed to supervise additional expenses. Prosecutor­s had requested a six-month prison term, as well as a six-month suspended sentence and a fine of 3,750 euros ($4,354).

Thursday's verdict comes after Sarkozy, 66, was found guilty on March 1 of corruption and influence peddling in another case. He was given a year in prison, and two years suspended, in that case but is free pending appeal.

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