Oct 16, 2020 Former French President Nicolas Sarkozy is dealing with a brand new cost as a part of an inquiry into allegations he funded his profitable 2007 marketing campaign with money provided by the regime of former Libyan dictator Moammar Gadhafi. Prosecutors at present charged the 65-year-old Sarkozy with “membership in a criminal conspiracy,” including to present prices from 2018 of “passive corruption,” “benefiting from embezzled public funds” and “illegal campaign financing.” Prosecutors are investigating whether or not Sarkozy’s presidential marketing campaign was bankrolled by Gadhafi, whom the French chief controversially invited for a state go to after Sarkozy’s election in 2007. The Libyan dictator was then toppled and killed in 2011 following a NATO-backed rebellion that France helped lead. French legislation requires “serious or consistent evidence” earlier than inserting somebody below formal investigation. Last month, a Paris appeals courtroom threw out Sarkozy’s enchantment, paving the way in which for him to face trial. Sarkozy, who was president from 2007 to 2012, has lengthy denied taking cash from the slain Libyan chief. He wrote on his Facebook web page at present that “the truth will eventually triumph.” The long-running investigation stems from claims made by Gadhafi’s son in 2011. In an interview with Euronews TV, Saif al-Islam Gadhafi mentioned he had proof of financial institution transfers to Sarkozy and demanded the previous French president hand over the cash to “the Libyan people.” The following 12 months, French investigative outlet Mediapart revealed paperwork that appeared to element the regime’s approval of a transaction of 50 million euros. The accusations got extra weight in 2016 when French-Lebanese businessman Ziad Takieddine mentioned he personally facilitated cash transfers between Tripoli and Paris, delivering three suitcases-worth of money to Sarkozy’s marketing campaign director in 2006 and 2007. The Libya investigation is one among a number of authorized woes dealing with the previous French president. Sarkozy is below investigation for affect peddling, in addition to accusations he used faux invoices to cover that his failed 2012 marketing campaign had exceeded authorized spending limits. This story comprises reporting from Agence France-Presse.