News

Financial Crime Investigations Stalling in France, Judges and Prosecutors Warn

Gabriel Vedrenne
Senior Reporter

More than a hundred prosecutors, judges and other judicial authorities in France warned in an open letter that budget and personnel shortages within their departments are impeding investigations into suspected fraudsters, money launderers and other financial criminals. In the two-page letter published by Le Monde on Monday, April 12, 131 individuals, including Serge Tournaire, the judge who led France's multi-year investigation into ex-President Nicolas Sarkozy's campaign-finance breaches vis-a-vis Libya, appeared to breach their duty of confidentiality to warn that a shortfall in staff and materiel threatens to upend the nation's efforts to tackle increasingly complex and numerous financial crimes. "It...

TO READ THE FULL STORY