Prøve GULL - Gratis

The embezzlement scheme that led to Le Pen's elections ban

Mint Bangalore

|

April 08, 2025

Scrutiny of Le Pen's practices began in June 2014, when the EU's antifraud office received an anonymous tip

- Noemie Bisserbe & Stacy Meichtry

The embezzlement scheme that led to Le Pen's elections ban

Marine Le Pen convened a meeting of her party's European Parliament lawmakers in June 2014 to discuss a vital matter: how to spend the 6.5 million euros the European Union had earmarked for them to hire assistants.

The sum was significant, more than double the entire payroll of Le Pen's far-right party, then known as the National Front. Le Pen, according to court documents, asked the lawmakers to sign off on a system that allowed the Le Pen family to hand out contracts and cut paychecks to members of her inner circle and other party officials.

"What Marine is asking us is equivalent to signing for fictitious jobs," one of the lawmakers, Jean-Luc Schaffhauser, wrote in an email at the time to the party's then-treasurer, Wallerand de Saint-Just. "And it is the lawmaker who is criminally responsible for his or her own money, even if the party is the beneficiary of it."

De Saint-Just, a trained lawyer who had groomed Le Pen to lead the party, responded: "I believe that Marine knows all this."

Le Pen's instructions to lawmakers were at the center of an embezzlement trial that ended this past Monday with judges banning one of France's most prominent politicians from future elections, including the next presidential race.

President Trump and other nationalist leaders around the world have railed against France's judiciary over the ban, claiming that the ruling is part of an effort by leftist elites to weaponize justice systems against their political opponents and subvert democracy. Trump himself has dismissed Le Pen's trial as a witch hunt stemming from a "bookkeeping error" that "she probably knew nothing about."

FLERE HISTORIER FRA Mint Bangalore

Mint Bangalore

NCLT permits rejig at Flipkart

NCLT has approved merger of eight Flipkart entities, taking it closer to an IPO.

time to read

1 min

December 18, 2025

Mint Bangalore

Mint Bangalore

IBM India, WM Global expand office footprint in Bengaluru

IBM India Pvt. Ltd and WM Global Technology Services India Pvt. Ltd have signed large office lease deeds in Bengaluru, in two separate transactions, as global technology majors continue to expand their real estate office footprint in the country.

time to read

1 mins

December 18, 2025

Mint Bangalore

Mint Bangalore

I Squared-backed Polaris eyes IPO, plans global expansion

Amid the rapid rollout of smart meters and reforms in the power distribution sector, Polaris Smart Metering is looking to expand its business by offering technology solutions to other smart metering companies, scale up its international presence, and explore a public listing of its shares in India.

time to read

2 mins

December 18, 2025

Mint Bangalore

Mint Bangalore

Punjab plans EV sops in new industrial policy as states compete for capital

The electric vehicles (EV) sector is expected to take centre stage in Punjab, as the state lines up an expanded package of incentives to attract fresh investments under the new industrial policy that is likely to be launched in January.

time to read

2 mins

December 18, 2025

Mint Bangalore

Should you invest yourself or let professionals do the job for you?

Ask whether your performance as a fund manager is superior on the basis of an objective assessment

time to read

4 mins

December 18, 2025

Mint Bangalore

India summons B'desh envoy over security concerns in Dhaka

India on Wednesday summoned Bangladesh envoy Riaz Hamidullah and lodged its protest over plans by certain extremist elements to create a security situation around the Indian mission in Dhaka.

time to read

1 min

December 18, 2025

Mint Bangalore

MoEngage's Series F swells to $280 mn

Customer engagement platform MoEngage has raised an additional $180 million as part of its Series F funding round led by ChrysCapital and Dragon Funds, with participation from Schroders Capital, it said in a statement on Wednesday.

time to read

1 min

December 18, 2025

Mint Bangalore

THE BUSIEST YEAR ENDS WITH 344 IPOS, BUT HALF THE LISTINGS ARE UNDERWATER

The Indian primary market has been unusually active.

time to read

3 mins

December 18, 2025

Mint Bangalore

Mint Bangalore

Suzlon and India's new wind energy order

died in 2022), but his influence remains embedded in the company's culture.

time to read

2 mins

December 18, 2025

Mint Bangalore

Mint Bangalore

MUFG eyes 20% in Shriram Fin for $5 bn

Shriram Finance's board will also mull fundraising routes such as a rights issue, preferential allotment or QIP

time to read

2 mins

December 18, 2025

Listen

Translate

Share

-
+

Change font size