One of the greatest political-financial scandals of France's Fifth Republic has been reduced to the level of just another human interest story of money and greed. The verdicts handed down by the courts in the Bettencourt affair on Thursday – in particular the acquittals of former budget minister Éric Woerth – have stripped the scandal of its powerful political dimension. In doing so, argues Mediapart's editor François Bonnet, France's malfunctioning justice system, dependant as it is on its political masters, has shown yet again that it is suffering from a profound malaise.
Former government minister and the treasurer of Nicolas Sarkozy's 2007 presidential campaign, Éric Woerth, has been cleared in two separate trials resulting from the extraordinary saga of the Bettencourt affair. But photographer François-Marie Banier has been sentenced to prison for his role in abusing the frailty of France's richest woman, billionaire L'Oréal heiress Liliane Bettencourt, from whom he received up to 414 million euros. Also jailed for abusing Bettencourt's frailty was her former wealth manager Patrice de Maistre. The jail sentences are the climax of a long-running saga that has gripped France, involving secret tapes made by Bettencourt's butler, claims that a circle of advisors and hangers-on preyed off the ageing billionaires, and amid allegations of covert political funding of the right-wing UMP party. At one point former president Nicolas Sarkozy had himself been placed under formal investigation over the affair, though the case against him was later dropped. Woerth, meanwhile, was acquitted both of 'receiving' illicit cash for party funding via Maistre from Liliane Bettencourt – even though judges said there was a “strong suspicion” that some money had been handed over - and, in a separate trial, of 'influence peddling'. The judges' decision to acquit the former minister, while eight other defendants were convicted, means that in effect they have 'de-politicised' the affair. Michel Deléan reports.
Ex-budget minister Eric Woerth found not guilty of exploiting L'Oréal heiress Liliane Bettencourt but two of her associates were jailed.
The trial this week of former minister and conservative UMP party treasurer Eric Woerth, charged alongside the former wealth investment manager of L'Oréal heiress and billionaire Liliane Bettencourt with influence peddling, provides a graphic account of backscratching and favour-mongering in the salons and private clubs of French high society and, more importantly, an unseemly intimacy between the political world and finance. Woerth is accused of arranging for Maistre to receive the Légion d’honneur – France’s highest award of civil merit – in exchange for his hiring of Woerth’s wife as a highly-paid advisor in Bettencourt’s personal wealth investment company Clymène. If found guilty, the two men each face a maximum sentence of ten years in prison and a fine of 150,000 euros. Mediapart has gained access to the document prepared by magistrates summarising the evidence against the pair. Michel Deléan reports.
After predictable procedural wrangles – plus some unforeseen delays – the long-awaited Bettencourt trial got under way in Bordeaux last week. Those on trial, who include a former minister in Nicolas Sarkozy's government, stand accused of either directly preying on the frailty of L'Oréal heiress Liliane Bettencourt or of profiting from it. Eight of the accused gave evidence during the week, all struggling to hide their dismay at being in the dock. The first was writer and photographer François-Marie Banier, a close confidant of Bettencourt from whom he received some 414 million euros, and who told the court he understands nothing about the world of money and business. “I'm not a spoilt child or a dandy,” he insisted. Mediapart's legal affairs correspondent Michel Deléan was in court to witness the start of this extraordinary trial.
The defendants, who face charges relating to exploitation of ageing L'Oréal heiress, include a former minister who is close to Nicolas Sarkozy.
To support France's ultimately successful bid to host the Euro 2016 football tournament, ministers back in 2010 promised that the event's governing body UEFA would be exempt from all taxes on its profits. The current government decided to honour that pledge and enshrine it in budget legislation. But though the proposal met with opposition from many MPs in the National Assembly ministers then went even further and extended the exemption to other sports too. The result, reports Dan Israel, is that France has just become a tax haven for international sporting competitions.
After a long and politically explosive legal saga, the proceedings against Nicolas Sarkozy in relation to the Bettencourt affair have been dropped. The former president, who had denied any wrongdoing, had faced allegations that he took advantage of the mental frailty of L'Oréal heiress Liliane Bettencourt to get cash for his 2007 election campaign. But on Monday the investigating magistrates in charge of this high-profile case decided not to send the former president to court to face charges. Allies believe this clears the path to his return to French politics. However ten others, including former employment minister and ex-UMP treasurer Éric Woerth, are to stand trial over the Bettencourt affair. Michel Deléan reports.
Prosecutors say Sarkozy has no case to answer over claims he exploited L'Oréal heiress Liliane Bettencourt
As widely expected, the prosecutor in Bordeaux says that 'in the absence of evidence' there should be no further action taken against the former president over claims that he took advantage of the billionaire’s mental frailty to obtain funds for his 2007 election campaign. But, as Michel Deléan reports, the three examining magistrates in charge of this high-profile and controversial case could still decide to send Nicolas Sarkozy to stand trial.
Prosecutors say Sarkozy's former minister should not face charges for 'influence peddling' in Bettencourt affair
The prosecution authorities say that former budget minister Eric Woerth has no case to answer over claims that he awarded Liliane Bettencourt's wealth manager a state honour in return for hiring his wife. Though as Mediapart's legal affairs expert Michel Deléan says, that does not necessarily mean that this is the end of the affair for a man who was one of Nicolas Sarkozy's closest political allies.
A judicial investigation into the suspected illegal financing of former French President Nicolas Sarkozy’s 2007 election bid has finally vindicated the testimony of Claire Thibout (pictured), an accountant for L’Oréal heiress Liliane Bettencourt who first revealed in a 2010 interview with Mediapart how vast cash withdrawals from the billionaire’s bank accounts were made shortly before meetings between Bettencourt’s wealth manager and Sarkozy’s campaign treasurer. Karl Laske reports on the latest developments in the investigation, in which Sarkozy is expected to be questioned in the coming weeks.
In a letter signed in 2008, former French President Nicolas Sarkozy used exceptional powers to exonerate the Aga Khan, one of the world’s richest royals, from paying any form of tax in France, where he is a resident, Mediapart can reveal. The fiscal status was approved by then-budget minister Eric Woerth, mayor of, and Member of Parliament for, the town of Chantilly, north of Paris, where the Aga Khan initiated and largely funded the financial rescue of the town’s historic racecourse and equestrian centre. The letter, dated April 4th 2008 and exclusively revealed here, promised that the religious leader would benefit from an “exoneration of direct taxes, stamp duty and wealth tax.” Woerth is currently cited in two judicial investigations into suspected corruption, one involving the financial affairs of L’Oréal heiress Liliane Bettencourt, the other into the sale of state-owned forest land to a horse-racing company in Compiègne, close to Chantilly. Fabrice Arfi and Karl Laske report.
C'est une première pour un ancien président de la République. Le domicile, le cabinet d'avocats et les bureaux de Nicolas Sarkozy ont été perquisitionnés mardi, dans le cadre de l'affaire Bettencourt. Philippe Courroye est convoqué devant le CSM, et la juge Prévost-Desprez se voit reprocher une « violation du secret professionnel ».
Magistrates in Bordeaux last week ordered that Patrice de Maistre, former wealth manager for L’Oréal heiress Liliane Bettencourt, should continue to be kept in preventive detention while they continue investigations into his role in a series of massive and mysterious cash withdrawals from the billionaire’s secret Swiss bank accounts. The judges have uncovered further evidence, described by one source close to the case as “solid”, that suggests some of the money was used to illegally fund outgoing French President Nicolas Sarkozy’s 2007 election campaign – which is also suspected of being illegally financed by the late Libyan dictator Muammar Gaddafi. Lawyers for Maistre complained that he was being kept in jail to “pressure” him into confessing the scam. Michel Deléan reports on the latest developments in the Bettencourt case, now rapidly closing in on Sarkozy, who will hand over office to newly-elected François Hollande on Tuesday.