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Sarkozy Trial Probes Corruption Allegations Tied to Libyan Funds

Key testimony this week examined a luxury watch gifted to Claude Guéant and alleged financial ties to Libyan intermediaries.

  • The trial centers on allegations that Nicolas Sarkozy's 2007 presidential campaign was illegally funded by Libyan dictator Muammar Gaddafi's regime.
  • Testimony highlighted a luxury Patek Philippe watch worth €11,300, gifted in 2006 by businessman Alexandre Djouhri to Claude Guéant, Sarkozy's former chief of staff.
  • Prosecutors argue the watch may have been an attempt to gauge Guéant's susceptibility to corruption, a claim both Guéant and Djouhri deny, citing 'pure friendship.'
  • The court also examined €500,000 allegedly transferred to Guéant in 2008, which the defense claims came from selling Flemish paintings, though prosecutors suspect Libyan funds.
  • The trial, involving 13 defendants including Sarkozy, continues through April, with broader allegations of corruption and financial misconduct under scrutiny.
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