Nicolas Sarkozy convicted by French court in campaign financing case

Nicolas Sarkozy

French ex-President Nicolas Sarkozy was convicted and sentenced to a year of house arrest Thursday for illegal campaign financing of his unsuccessful 2012 reelection bid.

The court will allow him to serve the sentence at home by wearing an electronic monitoring bracelet. Sarkozy, France's president from 2007 to 2012, had vigorously denied wrongdoing during the trial in May and June. He can appeal the decision, which would suspend the sentence.

Sarkozy wasn't present at the Paris court for the ruling. He was accused of having spent almost twice the maximum legal amount of 22.5 million euros (USD 27.5 million) on the reelection bid that he lost to Socialist Francois Hollande.

The court stated that Sarkozy "knew" the legal limit was at stake and 'voluntarily' failed to supervise additional expenses. Prosecutors had requested a six-month prison term, as well as a six-month suspended sentence and a fine of 3,750 euros (USD 4,354).

Thursday's verdict comes after Sarkozy, 66, was found guilty on March 1 of corruption and influence peddling in another case. He was given a year in prison, and two years suspended, in that case but is free pending appeal.

In the campaign financing case, prosecutors concluded that Sarkozy knew weeks before the 2012 election that his expenses - which are strictly limited under French law -were getting close to the legal maximum. They accused him of having ignored two notes from his accountants warning about the money issue.

Prosecutors argued Sarkozy is ‘the only person responsible for his campaign financing' and that he chose to exceed the limit by organizing many rallies, including giant ones.

During his hearing, Sarkozy told the court the extra money didn't go into his campaign, but instead helped make other people richer. He denied any ‘fraudulent intent.' He also insisted he didn't handle the day-to-day organisation because he had a team to do that and therefore couldn't be blamed for the amount of spending.

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