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Harry Cassin
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Bill Steinman
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Richard L. Cassin
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Shruti J. Shah
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Russell A. Stamets
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Eric Carlson
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Sarkozy questioned in graft probe

Ex-French President Nicolas Sarkozy is under formal investigation for influence peddling.

He was questioned for 15 hours by anti-corruption police Tuesday and later appeared before a judge in Paris.

Sarkozy’s lawyer, Thierry Herzog, and a senior prosecuting magistrate, Gilbert Azibert, were also placed under formal investigation in the case.

Another magistrate, Patrick Sassoust, was called in for questioning.

A formal investigation in France leads to questioning by a judge who then determines if there is enough eveidence for the suspect to face charges, the BBC said.

Influence-peddling can be punished by up to 10 years in prison and a fine of €150,000 ($205,000).

Sarkozy and Herzog have denied any wrongdoing.

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Richard L. Cassin is the publisher and editor of the FCPA Blog. He can be contacted here.

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