The Libya Africa Investment Portfolio (LAIP) reported yesterday that the Paris Criminal Court has issued a ruling convicting former French President Nicolas Sarkozy and several of his aides, after it was proven that they received illegal funding from the former Libyan regime for his 2007 election campaign.
The court sentenced Sarkozy and the other defendants to five years in prison, with immediate effect. The court also accepted the Libya Africa Portfolio’s civil action and ordered the civil defendants to jointly pay the following amounts to the Portfolio:
- 8,350,100.00 Euros in compensation for material damages
- 100,000 Euros in compensation for moral damages
- 25,000.00 Euros in legal expenses
LAIP affirmed that this ruling represents the fruit of the legal efforts it has made to pursue its rights and protect its assets abroad, emphasizing its commitment to continue its efforts to recover and preserve Libyan funds and properties.
In this context, LAIP expressed its gratitude to its Board of Directors, its executive management, and all its employees for their efforts. It also expresses its thanks to the official authorities in Libya for their support and cooperation, which enabled this positive outcome.
