Mystery deepens over financing of Sarkozy's luxury apartment

President Nicolas Sarkozy is under increasing pressure to explain how he financed his purchase of a luxurious apartment on an islet on the River Seine after information obtained by Mediapart now irrefutably confirms he did not, contrary to his claims, receive a loan worth 475,000 euros for the acquisition from the French parliament’s financial services. The revelation, provided by the French parliament’s financial and administrative commission, raises several crucial questions that the French president must now answer: why has he wrongly maintained since 2007 that he received 475,000 euros in a loan from the National Assembly? How did he raise the 282,000 euros unaccounted for in the acts of the property purchase, and from whom? Or did the property development company which sold him the apartment, and which benefitted from lucrative deals with the local town hall of which Sarkozy was then mayor and MP, offer the sum? Mathilde Mathieu and Michaël Hajdenberg report.

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President Nicolas Sarkozy is under increasing pressure to explain how he financed his purchase of a luxurious apartment on an islet on the River Seine, after information obtained by Mediapart now irrefutably confirms he did not, contrary to his claims, receive a loan worth 475,000 euros for the acquisition from the French parliament’s financial services.