France Investigation

Arms dealer probe brings illegal funding scandal closer to Sarkozy

Franco-Lebanese arms dealer Ziad Takieddine (photo), who enjoys longstanding close personal and professional links to ranking French presidential staff and ministers past and present, was on Wednesday formally placed under investigation - a French legal move that precedes official charges - for "aiding and abetting the misuse of company assets" and "receiving" the proceeds, during his role as an intermediary in a controversial weapons sale to Pakistan. The move is highly embarrassing for French President Nicolas Sarkozy, pointing a finger directly at both him and his entourage all of whom are now engulfed in a scandal of suspected illegal party funding involving massive secret kickbacks from a series of official arms deals. Fabrice Arfi and Karl Laske report.

Fabrice Arfi and Karl Laske

Franco-Lebanese arms dealer and businessman Ziad Takieddine was on Wednesday formally placed under investigation - a French legal move that precedes official charges - for "aiding and abetting the misuse of company assets" and for "receiving" the proceeds, during his role as an intermediary in the controversial 1990s sale of three French submarines to Pakistan.

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