Published: 21 Jan 2013 17:58 GMT+01:00 | Print version
Updated: 22 Jan 2013 07:30 GMT+01:00
Former French president Nicolas Sarkozy has made plans to start a €1 billion investment fund in London, a French news site claimed on Monday. Aides close to the ex-President have denied the report however, calling it "absurd".
Ex-French President Nicolas Sarkozy with the help of his advisor Alain Minc, has been engaged in "secret preparations" to raise €1 billion for a new fund that he intends to manage from London, the investigative French website Mediapart reported on Monday.
Citing various unnamed sources in the business world, Mediapart claims the former head of state has been in contact with various investors and financial institutions to try and raise the princely sum.
The project is still in its infancy according to the website, which has built a reputation in France for uncovering political scandals, with Sarkozy not quite ready to take the plunge.
Sarkozy, who was ousted by François Hollande in last May's presidential elections, is currently on the global lecture circuit but has been touted for a return to politics with his UMP party in turmoil after the bitter leadership battle between Francois Fillon and Jean-Francois Copé.
If the idea that the former president would up sticks and move to London seems fanciful, his advisors would agree.
"This claim is just pure fantasy," one of his aides told French daily Le Figaro.
Minc, who is also a prominent French businessman, vehemently denied his involvement in any such project and is quoted in Le Figaro as saying, "Nicolas Sarkozy doesn't need my help to meet the world's biggest investors - he has thousands of contacts."
"It's absurd to think that [Sarkozy] could just move to London and stop paying taxes in France," he added.
Not everyone gets the chance to party with the stars at the Cannes festival for two days, unless that is, you are the French double of 'Gangnam style' entertainer Psy and you have the nerves of steel to pretend to be him. Meet Denis Carre our undisputed French Face of the Week. READ () »
Jewellery thieves have had some rich pickings at Cannes this year with jewellers announcing on Thursday that a €2million diamond De Grisogono necklace had been stolen, just days after €1.4 million worth of Chopard bling was pilfered. READ () »
Higher education has dominated the news in France recently thanks to plans for more courses to be taught in English so there's no better time to speak to an international academic to find out more about being a lecturer at a French university. READ () »
Of all the inappropriate shapes a teacher could use to teach geometry a swastika has to be near the top of the list, but not for one prof in France, whose use of the Nazi symbol to demonstrate angles has landed her in a spot of bother. READ () »
A contentious proposal that would see more courses at French universities taught in English was given the green light by deputies in the French parliament on Thursday. Critics say the move will lead to France losing its identity. READ () »
France said on Thursday that there were dead among the victims of twin bombings at a uranium processing plant owned by French nuclear giant Areva and a military base in northern Niger. READ () »
A British national, suspected of being the mastermind of €1.6 million bank fraud scam in France was found hanged in his cell in a French prison this week. READ () »
Germany's opposition Social Democrats mark their 150th birthday Thursday, with French President Francois Hollande as the only foreign speaker and conservative Chancellor Angela Merkel in the audience. READ () »
Liberté, egalité, fraternité, the famous motto of the French Republic must be displayed on the facade of all French schools and the Tricolour flag must also be on show outside all establishments, the French Senate ruled on Wednesday. READ () »
French prosecutors investigating corruption are set to decide on Thursday whether to charge IMF chief Christine Lagarde over her handling of a row that resulted in a €400 million payout being paid to disgraced businessman Bernard Tapie. READ () »