Nicolas Sarkozy charged in corruption scandal

Published time: March 21, 2013 21:52

French former President Nicolas Sarkozy (AFP Photo)

Former French President Nicolas Sarkozy has been charged with taking financial advantage of one the world’s richest women, elderly L’Oreal heiress Liliane Bettencourt.

Sarkozy was placed under formal investigation on Thursday, his lawyer told AFP.

This comes after the former president was unexpectedly summoned for a face-to-face encounter with staff members of Bettencourt over claims he accepted funds from her to illegally finance his 2007 election campaign. Sarkozy has repeatedly denied the allegations.