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Friday, June 04, 2010

Sarkozy Caught up in Kickbacks Scandal


A report by Luxembourg police has revealed President Sarkozy's involvement in a bribery scandal in the sale of French submarines to Pakistan in 1994.

It is suspected that the money from the contract was used to finance a 1995 presidential campaign managed by Mr. Sarkozy to support candidate Edouard Balladur against Jacques Chirac, France 24 reports.

On the sidelines of the sale of the submarines, tens of millions of euros were received by a company called Heine.

The reports suggest that Nicolas Sarkozy, who at the time served as French finance minister in 1994, may have been involved in the creation of this company.'

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