France’s ex-president is accused of receiving €50m in campaign funds from Muammar Gaddafi

The former French president Nicolas Sarkozy has been placed under formal investigation for illegal campaign financing, accepting bribes and the misappropriation of Libyan state funds over allegations that he received millions of euros in illegal election campaign funding from the regime of the late Libyan dictator Muammar Gaddafi.

Sarkozy, France’s rightwing president from 2007 to 2012, was released on bail on Wednesday after two days of questioning in police custody by investigators specialising in corruption, money laundering and tax evasion as part of an inquiry into whether Gaddafi and others in Libya illegally financed his successful election campaign in 2007.

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