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Nicholas Sarkozy detained for campaign funding by Gaddafi

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Nicholas Sarkozy detained for campaign funding by Gaddafi

Brice Hortefeux, one of his top ministers was also questioned 

In an interesting development, former French President Nicholas Sarkozy has been taken into police custody and was questioned about allegations on alleged financing of his 2007 election campaign by Libya’s late leader Muammar Gaddafi.

AFP quoting unnamed sources say that prosecution claims Sarkozy spent nearly double the legal limit of $24m on his lavish campaign, using false billing from a public relations firm called Bygmalion.

He was detained early on Tuesday morning and was being questioned by prosecutors specialising in corruption, money laundering and tax evasion at their office in the Parisian suburb of Nanterre.

The 63-year-old leader had until now refused to respond to all summons for questioning in the case since he left office after one term in 2012.

Sarkozy’s detention was first reported by the Mediapart investigative news site and French daily Le Monde. Brice Hortefeux, one of the top minister during Sarkozy’s presidency, was also questioned  on Tuesday.

Former French President has been a focus of the inquiry which began in 2013 about the claims by late Libyan ruler Muammar Gaddafi and his heir apparent Engineer Seif al-Islam that they provided funds for Sarkozy’s election effort.

The French leader had dismissed the allegation saying the claims were of vindictive nature because Libyan regime was furious over French participation in the US-led military intervention causing fall of Gaddafi’s 41-year rule which led to his death.

Muammar Gaddafi, the deposed leader of Libya, was captured and killed on 20 October 2011 in his hometown Sirte by National Transitional Council forces. He governed Libya as Revolutionary Chairman of Libyan Arab Republic, then as “Brotherly Leader” from 1977 to 2011.

Nicholas Sarkozy detained for campaign funding by GaddafiIn November 2016, the issue was highlighted when a Franco-Lebanese businessman Ziad Takieddine admitted delivering three cash-stuffed suitcases from the Libyan leader as contributions towards Sarkozy’s first presidential run. He claimed that he travelled thrice from Tripoli to Paris in late 2006 and early 2007 with cash for Sarkozy’s campaign.

He further said that each time he carried a suitcase containing 1.5-2 million euros in 200-euro and 500-euro notes. He was given the money by Gaddafi’s military intelligence chief Abdallah Senussi.

Sarkozy was taken into custody after a former associate, Alexandre Djouhri, a 59-year-old Swiss businessman, was arrested in London in January this year. Later Djouhri was released temporarily on bail but returned to pre-trial detention in February. He also refused to respond to the summons for questioning in Paris.

Nicholas Sarkozy served as President of France from 16 May 2007 until 15 May 2012. Earlier he served as Minister of the Budget under Prime Minister Edouard Balladur and Minister of Interior during Jacques Chirac’s presidency.

Sarkozy had unsuccessfully tried to contest Presidential elections in November 2016 . Since then he has stepped back from frontline politics, although he remains a powerful figure behind the scenes in the Republicans party.

If tried, Sarkozy will be the second former president after Jacques Chirac – who was tried in France’s Fifth Republic, which was founded in 1958. Chirac was give a two-year suspended jail term in 2011 over a fake jobs scandal.

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Byju’s founder Byju Raveendran sentenced to six months in jail by Singapore court over asset orders

In a major setback, a Singapore court has sentenced Byju’s founder Byju Raveendran to six months in prison for contempt after he failed to comply with multiple court orders regarding his assets.

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In a massive legal blow to the founder of the failed Indian educational technology firm Think & Learn Pvt (better known as Byju’s), a Singapore court has sentenced Byju Raveendran to six months in jail for contempt of court.

The court ordered the jail term after concluding that Raveendran had deliberately disobeyed multiple judicial directives regarding his personal assets, dating as far back as April 2024.

Disobedience of asset orders leads to prison sentence

According to people familiar with the matter, the Singapore court has instructed Raveendran to immediately surrender himself to the officials. Alongside the six-month prison sentence, the Byju’s founder has been ordered to pay legal costs amounting to S$90,000 (approximately $70,500). Furthermore, he has been mandated to provide documents verifying his official legal ownership of Beeaar Investco Pte, a corporate entity that holds equity shares in a related firm.

At the time of reporting, it remains unclear whether Raveendran is currently residing in Singapore or located elsewhere, and he did not immediately respond to requests for comment.

Escalating global legal battles

This sentencing marks the latest and perhaps most severe setback for the entrepreneur, who once achieved billionaire status amid a massive wave of global capital flowing into Indian start-ups. Today, Raveendran is being rigorously pursued by foreign investors across international jurisdictions. This includes intensifying legal battles in the United States, where global lenders are actively trying to recover heavy financial losses stemming from a defaulted $1.2 billion loan.

Media reports indicate that the ongoing Singapore court proceedings represent a broadening web of legal and financial crises following the operational collapse of the once-celebrated edtech giant.

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US hits Iranian missile sites and mine-laying boats near Strait of Hormuz amid peace talks

US Central Command executed targeted strikes against Iranian missile launch sites and mine-laying vessels near Bandar Abbas, testing a fragile ceasefire even as high-stakes diplomatic talks continue in the region.

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In a major development testing a fragile regional ceasefire, the United States military carried out targeted strikes in southern Iran on Monday. The operation hit missile launch sites and vessels allegedly attempting to lay mines near the crucial Strait of Hormuz, according to statements from the US Central Command (CENTCOM).

The military action took place near Bandar Abbas, a prominent southern port city hosting a primary Iranian naval base. Media reporting indicated that explosions were heard across multiple coastal locations, including Sirik and Jask.

Focus on ‘Self-Defense’ Amid Active Ceasefire

A spokesperson for CENTCOM, Capt. Tim Hawkins, confirmed that the engagement was defensive in nature. “US forces conducted self-defense strikes in southern Iran today to protect our troops from threats posed by Iranian forces,” Hawkins stated. He noted that the operational targets included active missile launch sites alongside Iranian boats attempting to emplace naval mines. Despite the escalation, CENTCOM emphasized that it continues to exercise restraint under the parameters of the ongoing ceasefire brokered in early April.

According to media reports, the tactical response was triggered when two Islamic Revolution Guard Corps (IRGC) boats were detected laying mines in the strategic shipping lane. Additionally, a surface-to-air missile site reportedly targeted American warplanes, prompting US forces to neutralize both the vessels and the missile installations. Media channels citing local updates indicated that four individuals were killed in the strikes, though the complete casualty figures remain unverified.

Diplomatic Dialogue Continues in Parallel

The strikes coincide with a critical phase of diplomatic negotiations aimed at extending the current truce. Top Iranian negotiators traveled to Qatar early this week to discuss a potential 60-day extension of the ceasefire, alongside provisions to keep the Strait of Hormuz fully operational for global trade.

US officials maintain that the military action does not signal an end to the active truce. A senior administration source clarified that the specific operations are “over for now”. US Secretary of State Marco Rubio, speaking from India, affirmed that diplomatic channels remain open and active. Rubio stated that intensive language discussions regarding the initial documents are ongoing, reiterating that the opening of the strategic strait remains a core objective.

Meanwhile, political leaders in Washington have separately reiterated demands for the secured disposal or international transfer of enriched uranium stockpiles as part of any comprehensive long-term agreement.

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US announces new America First visa schedule to boost business ties with India

During his official state visit to New Delhi, US Secretary of State Marco Rubio announced a new America First visa schedule designed to prioritise business professionals and boost bilateral trade efficiency.

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In a significant development aimed at strengthening bilateral cooperation, the United States has introduced a new “America First” visa schedule. The policy update was announced by US Secretary of State Marco Rubio during his official four-day visit to India. The new schedule is specifically designed to prioritise business professionals who play a key role in fortifying trade and strategic connections between the two nations.

Speaking about the initiative in the national capital, the top US diplomat clarified that the updated framework will not only assist visa applicants but will also significantly enhance operational productivity for the diplomatic mission. “We’re introducing a new America First visa schedule that prioritises business professionals that strengthen these ties,” Rubio stated. He added that the arrangement will enable the system to process applications with greater accuracy, speed, and efficiency.

Focus on Indo-Pacific and regional security

The announcement coincided with high-level discussions between the visiting diplomat and Prime Minister Narendra Modi. The meeting, which lasted for over an hour, covered critical areas of bilateral interest, including trade, energy security, strategic technologies, defence cooperation, and the ongoing West Asia crisis. During the interaction, Rubio extended an official invitation from US President Donald Trump for PM Modi to visit the White House in the near future.

The US Secretary of State described the partnership between New Delhi and Washington as a foundational cornerstone of America’s overarching strategy for the Indo-Pacific region. Highlighting India’s central role, Rubio noted that his very first official engagement upon taking office was a meeting of the Quadrilateral Security Dialogue (Quad), emphasizing that hosting the upcoming foreign ministers’ meeting in India acts as a tangible sign of the deep commitment to this framework.

Clarification on immigration rules

Addressing separate concerns regarding recent shifts in American immigration policies, the top diplomat provided a crucial clarification regarding the new guidelines for permanent residency. Media reports had previously highlighted anxieties surrounding a newly instituted rule that requires many legal immigrants to exit the US and apply for green cards from their home countries.

Rubio explicitly stated to the media that these measures are universal regulatory updates rather than policy shifts targeted at any specific nation. He reassured that the rule is applicable globally to all international applicants and is not directed exclusively at Indian citizens.

The visit marks Rubio’s first official trip to India since assuming office. His comprehensive itinerary began in Kolkata and includes a scheduled bilateral dialogue with External Affairs Minister S Jaishankar, alongside participation in the Quad Foreign Ministers’ meeting alongside international counterparts.

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