Keyword: illegal political financing
Barclays bank agreed a multi-million-euro loan to a Lebanese arms dealer now at the centre of a major French political corruption scandal despite its knowledge that his vast personal fortune was hidden from the tax authorities in money-laundering offshore companies, Mediapart can reveal. In a confidential document revealed here, a senior manager with the bank's private client arm, Barclays Wealth, recommended the 13.6 million-euro loan with the avowed aim of using Ziad Takieddine (pictured) to help Barclays further its activities with the now-deposed regime of Libyan dictator Muammar Gaddafi. Fabrice Arfi and Karl Laske report.
French President Nicolas Sarkozy has announced he is to sue Mediapart over its report of plans by the former Libyan regime of Colonel Muammar Gaddafi to fund his presidential election campaign in 2007. Mediapart stands by all the evidence it has revealed, writes Editor-in Chief Edwy Plenel, who explains here why Sarkozy’s reaction, and the accompanying denials of two protected former Gaddafi henchmen, were entirely predictable.