Sunday, June 29, 2025

Sarkozy Ordered to Wear Electronic Bracelet After Corruption Conviction, First for Any French President

Former French President Nicolas Sarkozy / Yonhap News
Former French President Nicolas Sarkozy / Yonhap News

Former French President Nicolas Sarkozy, who was found guilty of bribery and other charges at the end of last year, is now facing humiliation for wearing an electronic monitoring device.

The French daily Le Parisien reported that the court ruled last week that Sarkozy must wear an electronic ankle bracelet starting February 7. As a result, Sarkozy will be required to wear the electronic tag for one year and will only be permitted to leave his residence during specific hours.

With this, Sarkozy became the first former French president subjected to electronic monitoring.

Sarkozy, president from 2007 to 2012, was accused in 2014 of promising a high-ranking position to a judge in exchange for insider information about an investigation into his campaign finance irregularities. He has consistently denied the allegations.

However, on December 18 last year, the French Supreme Court upheld the lower courts’ rulings, confirming Sarkozy’s guilt of corruption and abuse of power. As a result, the court sentenced him to three years in prison, with two years suspended. The remaining year will be served under house arrest, monitored by the electronic bracelet. Furthermore, Sarkozy is banned from running for public office for the next three years.

Under French criminal law, inmates over 70 can apply for conditional release. Consequently, it is unlikely that Sarkozy will complete the full year of house arrest.

In a separate case, Sarkozy is currently standing trial for allegedly receiving substantial illegal campaign contributions from former Libyan dictator Muammar Gaddafi before the 2007 French presidential election.

Hot this week

Dow Dips, Nasdaq Gains as Wall Street Awaits Fed’s Next Move

The New York stock market closed mixed, with Nvidia hitting a record high while Tesla faced declining sales in Europe.

Nvidia Stock Pops Past $150, Beating Microsoft in Market Value

Nvidia's stock rose to 152.36 USD amid concerns over export restrictions to China, surpassing Microsoft’s market cap.

Nvidia Soars Despite CEO Share Sale, Tesla Tanks on Robotaxi Trouble

The New York stock market rises as Dow surpasses 43,000, Nvidia gains despite CEO stock sale, while Tesla and defense stocks decline.

Gold Prices Plunge as Iran and Israel Call for Ceasefire

Gold prices fell as geopolitical tensions eased between Israel and Iran, with analysts predicting potential future increases.

Oil Drops 4% on Israel-Iran Peace Talks and Supply Optimism

International oil prices dropped over 4% due to eased supply concerns and a ceasefire announcement between Israel and Iran.

Topics

Dow Dips, Nasdaq Gains as Wall Street Awaits Fed’s Next Move

The New York stock market closed mixed, with Nvidia hitting a record high while Tesla faced declining sales in Europe.

Nvidia Stock Pops Past $150, Beating Microsoft in Market Value

Nvidia's stock rose to 152.36 USD amid concerns over export restrictions to China, surpassing Microsoft’s market cap.

Nvidia Soars Despite CEO Share Sale, Tesla Tanks on Robotaxi Trouble

The New York stock market rises as Dow surpasses 43,000, Nvidia gains despite CEO stock sale, while Tesla and defense stocks decline.

Gold Prices Plunge as Iran and Israel Call for Ceasefire

Gold prices fell as geopolitical tensions eased between Israel and Iran, with analysts predicting potential future increases.

Oil Drops 4% on Israel-Iran Peace Talks and Supply Optimism

International oil prices dropped over 4% due to eased supply concerns and a ceasefire announcement between Israel and Iran.

TSMC Delays Kumamoto Factory Amid Traffic Concerns and Market Uncertainty

TSMC delays its second factory in Kumamoto, citing traffic issues, but market demand uncertainties may be the real reason behind it.

From Tensions to Tumbles: Oil Prices Sink While Iran Avoids Escalation

Oil prices dropped over 7% following Iran's airstrikes on U.S. bases, signaling a reluctance to escalate conflict despite tensions.

Volatility Index Falls Below 20 as U.S.–Iran Show Signs of De-Escalation

U.S. stock markets rose as tensions eased between the U.S. and Iran, while Tesla shares surged following its robotaxi launch.

Related Articles