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French Former PM Balladur Acquitted In 'Karachi Affair'

French Former PM Balladur Acquitted In 'Karachi Affair'
March 04, 2021
Former French Prime Minister Edouard Balladur (right) and former Defense Minister Francois Leotard in Paris in 1998.
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A French court has acquitted former Prime Minister Edouard Balladur on corruption charges over an arms deal with Pakistan in the mid-1990s.
However, the Court of Justice of the Republic on March 4 handed a suspended two-year prison term and a fine of 100,000 euros ($120,000) to his former defense minister, Francois Leotard, for complicity in misusing assets.
Six people were jailed over the so-called "Karachi affair" last year.
Balladur, 91, and Leotard, 78, were charged in 2017 with "complicity in misuse of corporate assets and concealment" over the sale of submarines to Pakistan.

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