Nicolas Bazire, a close adviser of French luxury magnate Bernard Arnault, has been sentenced to five years in jail.
PARIS — Nicolas Bazire, a close adviser of French luxury magnate Bernard Arnault, has been sentenced to five years in jail, with two years suspended, for his involvement in a system of kickbacks on arms deals with Pakistan and Saudi Arabia in the Nineties, French media reported on Monday.
He is one of six officials sentenced to jail by the Paris Criminal Court as part of the sprawling investigation into the so-called Karachi Affair, French news agency AFP reported. Bazire is the former campaign manager of French politician Edouard Balladur, who is accused of having used illegal kickbacks to finance his unsuccessful presidential campaign in 1995.
Bazire was placed under investigation in 2011 for complicity in the misuse of company assets. He denied any involvement in the kickbacks scheme.
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