Gå ubegrenset med Magzter GOLD

Gå ubegrenset med Magzter GOLD

Få ubegrenset tilgang til over 9000 magasiner, aviser og premiumhistorier for bare

$149.99
 
$74.99/År

Prøve GULL - Gratis

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

Mint Chennai

|

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 Chennai

Mint Chennai

Mint Chennai

Is America’s economy turning into a casino? Both yes and no

Americans are taking too many bad risks and too few good ones

time to read

3 mins

November 20, 2025

Mint Chennai

Mint Chennai

Global reset done, TVS supply chain unit eyes margin boost

TVS Supply Chain Solutions (SCS), whose wafer-thin margins and weak post-IPO performance have dampened investor sentiment since its 2023 debut, is looking to reset expectations after a major overhaul of its overseas operations.

time to read

2 mins

November 20, 2025

Mint Chennai

Mint Chennai

A fresh perspective on abstraction in art

A new exhibition in Mumbai showcases different approaches to abstraction by artists like Zarina, Seher Shah and Mehlli Gobhai

time to read

3 mins

November 20, 2025

Mint Chennai

A Gustav Klimt portrait shatters art records

Portrait of Elisabeth Lederer was sold at Sotheby's for $236.4 million

time to read

2 mins

November 20, 2025

Mint Chennai

Exide's dual bet: Can lithium-ion offset a weakening core?

Exide Industries Ltd is struggling to fuel its core lead-acid business while simultaneously turning its capex-heavy lithium-ion venture into a viable second growth engine.

time to read

1 mins

November 20, 2025

Mint Chennai

Mint Chennai

The crypto trades that amplified gains are now turbocharging losses

The rally in crypto prices this year was boosted by a large heap of debt, with traders using leverage to amplify their gains.

time to read

3 mins

November 20, 2025

Mint Chennai

Sebi mulls easing FPI trade settlement

The move would reduce costs for FPIs, says Sebi chairperson Tuhin Kanta Pandey.

time to read

1 min

November 20, 2025

Mint Chennai

Samsung India logs double-digit growth

Samsung India Electronics said it has clocked a double digit growth in its revenue from operations of over 11% to ₹1.11 trillion in the financial year ended March 2025.

time to read

1 min

November 20, 2025

Mint Chennai

Mint Chennai

BSNL dials vendors for a fix as regulator flags weak signal

State-owned Bharat Sanchar Nigam Ltd (BSNL) has flagged weak transmission signals at thousands of its new 4G towers—an issue behind call drops and slower data speeds—at a time when the operator is attempting a long-awaited turnaround backed by the government's successive revival packages.

time to read

1 mins

November 20, 2025

Mint Chennai

Mint Chennai

RP-Sanjiv Goenka enters luxe fashion with FSP stake buy

PSG Ventures Ltd, part of the RP-Sanjiv Goenka Group, on Wednesday approved the acquisition of a 40% stake in FSP Design Pvt. Ltd, the company behind the luxury fashion label Falguni Shane Peacock (FSP), is marking its formal entry into India’s luxury apparel and lifestyle market.

time to read

1 mins

November 20, 2025

Listen

Translate

Share

-
+

Change font size