By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > News > Marine Le Pen goes on trial over EU expenses scandal
News

Marine Le Pen goes on trial over EU expenses scandal

News Room
Last updated: 2024/09/30 at 8:18 AM
By News Room
Share
5 Min Read
SHARE

Unlock the Editor’s Digest for free

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

French far-right leader Marine Le Pen goes on trial on Monday for allegedly embezzling EU funds, in a politically charged case that could lead to fines and a ban from elected office.

Prosecutors accuse the three-time presidential candidate and former member of the European parliament of misusing EU funds to pay staff hired in Brussels for work they were doing for the party in France.

Also on trial are 24 others, including elected officials and staffers, as well as Le Pen’s far-right party itself. They allegedly siphoned off roughly €3.2mn from 2004 to 2016 at a time when their party, then called Front National, was cash-strapped, according to Patrick Maisonneuve, the lawyer for the EU parliament at the trial.

If proven true, such practices would fall foul of rules that govern how MEPs can spend money allocated to them to cover their expenses.

Le Pen and the other defendants have said they committed no wrongdoing. The founder of the party, Jean-Marie Le Pen, who is Marine Le Pen’s father and a former member of the EU assembly for 25 years, was also supposed to stand trial, but judges decided the 96-year-old was too frail.

Speaking at the courthouse before the trial began, Marine Le Pen said she and the other defendants had “lots of arguments” to put forth in their defence, adding: “I approach the trial calmly, and am pleased to have two months of this trial to show that no rules were broken.”

If convicted, judges could impose a prison sentence on Marine Le Pen of up to 10 years, €1mn in fines and a maximum ban on holding elected office of five years.

Such a verdict would cause political shockwaves in France as her party, now rebranded as Rassemblement National, has emerged as a powerful force in the fractured French parliament following snap elections this summer.

The poll was called by President Emmanuel Macron after RN scooped up the largest share of the vote in elections for the European parliament in June. Le Pen is expected to run for president again in 2027 when Macron’s second and final term ends.

With opposition parties threatening no-confidence votes against the fragile new government led by Prime Minister Michel Barnier, RN has emerged as a kingmaker since its votes would be needed for such a motion to pass.

Police and prosecutors in France began investigating the alleged fraud in 2014 after the EU parliament submitted evidence that Le Pen’s party was misusing funds.

To secure a conviction, prosecutors will have to prove that Le Pen and other defendants intentionally redirected their staff in Brussels to pursue tasks that were not related to their EU parliamentary work.

Maisonneuve said officials in Brussels initially noticed that “a large majority of the assistants” on RN’s organisational chart appeared to be based in France and not doing work in the EU assembly.

“We had an obligation to notify the French authorities to ensure that EU taxpayers’ money was not being misused,” he said.

Le Pen has called the charges “deeply unfair” and vowed that the trial would not disrupt RN’s work. Asked by La Tribune newspaper in early September if she feared a verdict that would bar her from elected office, she said she believed that she and her co-defendants would be cleared. “I am very sure of our innocence,” she said.

Several French political parties have been accused of similar crimes involving EU parliamentary assistants.

One of Macron’s allies, the centrist politician François Bayrou, was cleared earlier this year but his MoDem party was declared guilty of misappropriating EU funds. In 2018, an investigation was opened into the far-left party France Unbowed, but no charges have been filed.

“It can be difficult to draw a line between work done for the MEP and work done for the party,” said Francis Teitgen, the lawyer who represented the MoDem party in a similar trial.

“Compared to the case involving Modem, which is very pro-Europe, the atmosphere of the RN one will be different since they are Eurosceptics.”

Read the full article here

News Room September 30, 2024 September 30, 2024
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Meme stock traders show support for Fed Chair Powell amid DOJ investigation

Watch full video on YouTube

Why Tariffs Are Becoming Unsustainable For Automakers

Watch full video on YouTube

Starwood Property Trust: Discounted Yield With Contained Credit Risk (NYSE:STWD)

This article was written byFollowI am a stock analyst with over 20…

Cisco’s new AI hologram agent is a game-changer for retail.

Watch full video on YouTube

State Of The Union 2026 Rapid Recap: Trump’s Biggest Economic Remarks

Watch full video on YouTube

- Advertisement -
Ad imageAd image

You Might Also Like

News

Starwood Property Trust: Discounted Yield With Contained Credit Risk (NYSE:STWD)

By News Room
News

TOMI Environmental Solutions, Inc. (TOMZ) Q4 2025 Earnings Call Transcript

By News Room
News

Undercovered Stocks: Power Solutions, Kraft Heinz, W. P. Carey, And More

By News Room
News

Columbia Seligman Global Technology Fund Q4 2025 Commentary (SHGTX)

By News Room
News

John Hancock Classic Value Fund Q4 2025 Commentary (PZFVX)

By News Room
News

Lithium Miners News For The Month Of March 2026

By News Room
News

How the shadow fleet is capitalising on the chaos of war

By News Room
News

17 Education & Technology Group Inc. (YQ) Q4 2025 Earnings Call Transcript

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?