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  /  Investing Analysis   /  Corruption case against ex-French President Nicolas Sarkozy upheld by country’s highest court

Corruption case against ex-French President Nicolas Sarkozy upheld by country’s highest court

The Cour de Cassation, France’s highest court, upheld on Wednesday former President Nicolas Sarkozy’s conviction for corruption and influence peddling.

Sarkozy had appealed against the 2021 conviction for corruption and influence peddling, in which he had been handed a three-year prison sentence. Two of the years were suspended and Sarkozy would wear an electronic monitoring bracelet instead of going to prison for the last year.

Sarkozy, a conservative who remains an important figure in French politics even after leaving office in 2012, had been found guilty by a lower court of trying to bribe a judge and of peddling influence in exchange for confidential information about a probe into his 2007 campaign finances.

The court found that Sarkozy conspired to secure a job in Monaco for a judge in exchange for inside information about an investigation into allegations that Sarkozy had accepted illegal payments from L’Oreal heiress Liliane Bettencourt.

The judge, Gilbert Azibert, was also convicted for corruption and influence peddling.

Sarkozy is expected to stand trial next year on corruption and illegal financing charges related to alleged Libyan funding of his successful 2007 presidential bid. Sarkozy denies all wrongdoing.

If convicted in the Libya case, Sarkozy could face up to 10 years in prison.

Sarkozy’s predecessor, Jacques Chirac, a fellow conservative, is the only other president in modern French history to be convicted by a court. Chirac was found guilty of corruption in 2011, four years after he left office.

This post appeared first on cnn.com