Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > France's Le Pen convicted of graft, barred from running for president in 2027
    Headlines

    France's Le Pen convicted of graft, barred from running for president in 2027

    France's Le Pen convicted of graft, barred from running for president in 2027

    Published by Global Banking and Finance Review

    Posted on March 31, 2025

    Featured image for article about Headlines

    By Elizabeth Pineau and Juliette Jabkhiro

    PARIS (Reuters) -French far-right leader Marine Le Pen was banned from running for public office for five years after being convicted on Monday of embezzlement, a political watershed that ruled her out of the 2027 presidential race unless she can win an appeal.

    The French court's ruling was a catastrophic setback for Le Pen, the National Rally (RN) party chief who has long been one of the most prominent figures in the European far right and who has been the front-runner in opinion polls for the 2027 contest.

    The judge who convicted Le Pen of misappropriating European Union funds also gave her a four-year prison sentence - two years of which are suspended and two years to be served under home detention. She received a 100,000-euro ($108,200) fine.

    Le Pen, 56, will appeal, her lawyer said, and neither the prison sentence nor the fine will be applied until her appeals are exhausted. But the five-year ban from running for office starts immediately, via a so-called "provisional execution" measure requested by prosecutors.

    Le Pen's right-hand man, RN president Jordan Bardella, said: "Today it is not only Marine Le Pen who was unjustly convicted: It was French democracy that was killed".

    But centrist lawmaker Sacha Houlie said on X: "At what point do we think that a judge will not apply the law? Is society so sick that it is offended by what is nothing more and nothing less than the rule of law?"

    Le Pen has run three times for president and has said 2027 will be her final run for top office. Her hopes now lie on overturning Monday's ruling at appeal before the election. Appeals in France can take months or even years.

    Le Pen had before Monday's events had described prosecutors as seeking her "political death". She left the courtroom in Paris before judge Benedicte de Perthuis read out her sentence, and without any immediate comment. She was expected to appear in an interview with TF1 TV at 8 p.m. (1800 GMT).

    Allies in France and far-right leaders from European countries including Italy, Spain and the Netherlands joined in condemning the ruling as judicial overreach.

    Anger in Le Pen's party could push the hung parliament into deeper disarray.

    A conviction would have "no influence on our ability to defend the French people, and to censure the government (in a vote of no confidence) if necessary," Le Pen said on X last week.

    Le Pen presides over the single biggest party in the National Assembly, and will retain her parliamentary seat until her term ends. That will be in 2029 unless snap parliamentary elections are called before then.

    'FULL STEAM AHEAD'

    There have been increasing instances of immediate political bans in France since the passage of toughened anti-corruption laws in 2016, but Le Pen supporters accused judges of policing politics.

    "We will not be intimidated, we will not stop: full steam ahead my friend!" Matteo Salvini, Italy's deputy prime minister and head of the far-right League, told Le Pen in a statement.

    Hungarian Prime Minister Viktor Orban said: "Je suis Marine!"

    Bardella looks set to become the RN's de facto candidate for the 2027 election.

    Some opponents applauded the ruling, saying the independence of the judiciary must be respected. Others, such as Jean-Luc Melenchon, of the hard-left France Unbowed, said they would rather defeat Le Pen at the ballot box.

    Le Pen, the RN and two dozen party figures were found guilty of diverting more than 4 million euros ($4.33 million) of European Parliament funds. The party was ordered to pay a 2 million euro fine, with half the amount suspended.

    The defendants were not accused of pocketing the money, but of using EU funds to the benefit of their party. They had said the money was used legitimately and that the allegations had defined too narrowly what a parliamentary assistant does. 

    De Perthuis said Le Pen had been "at the heart" of the scheme. The judge said investigations "showed that these were not administrative errors ... but embezzlement within the framework of a system put in place to reduce the party's costs".

    Le Pen has long sought to soften her image, taking her party towards the political mainstream and trying to appear as a leader-in-waiting rather than a radical opponent of the establishment.

    Arnaud Benedetti, a political analyst who has written a book on the RN, said the five-year ban on Le Pen was a key moment in French politics.

    "This is a seismic political event," he said. "Inevitably, it's going to reshuffle the pack, particularly on the right."

    Bardella has helped expand the RN's appeal among younger voters, but experts said it was unclear whether he has the experience to win over the broader electorate the RN needs to secure victory in 2027. 

    ($1 = 0.9242 euros)

    (Writing by Gabriel Stargardter and Ingrid MelanderEditing by Richard Lough, Frances Kerry and Timothy Heritage)

    Related Posts
    Taiwan's global credibility on the line with disputed laws, president says
    Taiwan's global credibility on the line with disputed laws, president says
    Trump sues the BBC for defamation over editing of January 6 speech
    Trump sues the BBC for defamation over editing of January 6 speech
    Europe to launch international commission for Ukraine war damages
    Europe to launch international commission for Ukraine war damages
    South Korea's ADEL signs up to $1.04 billion Alzheimer's drug development deal with Sanofi
    South Korea's ADEL signs up to $1.04 billion Alzheimer's drug development deal with Sanofi
    'Battlefield' maker EA forecasts softer 2026 bookings amid slow spending, crowded holiday slate
    'Battlefield' maker EA forecasts softer 2026 bookings amid slow spending, crowded holiday slate
    Britain clinches upgraded South Korea trade deal
    Britain clinches upgraded South Korea trade deal
    Sydney mourns 15 killed as Israeli ambassador calls for greater Jewish protection
    Sydney mourns 15 killed as Israeli ambassador calls for greater Jewish protection
    Belarus' Lukashenko: Maduro is welcome to move to Belarus, but no such discussions have been held
    Belarus' Lukashenko: Maduro is welcome to move to Belarus, but no such discussions have been held
    Trump says lawsuit against BBC likely to be filed soon
    Trump says lawsuit against BBC likely to be filed soon
    German parliament suffers suspected cyberattack during Zelenskiy’s visit, FT reports
    German parliament suffers suspected cyberattack during Zelenskiy’s visit, FT reports
    European leaders agree Ukraine security guarantees should include European-led peacekeeping force
    European leaders agree Ukraine security guarantees should include European-led peacekeeping force
    UK military chief urges Britain to better prepare for Russia threat
    UK military chief urges Britain to better prepare for Russia threat

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Previous Headlines PostTrump says reciprocal tariffs will target all countries
    Next Headlines PostTrump says Zelenskiy wants to back out of critical minerals deal

    More from Headlines

    Explore more articles in the Headlines category

    Ukraine says underwater drones hit submarine, but Moscow denies damage

    Ukraine says underwater drones hit submarine, but Moscow denies damage

    Serbia's prosecutor files to indict minister in connection with Kushner project

    Serbia's prosecutor files to indict minister in connection with Kushner project

    French court jails Congo ex-rebel leader for 30 years

    French court jails Congo ex-rebel leader for 30 years

    Italy's Caltagirone group strengthens governance procedure over Generali, MPS stakes

    Italy's Caltagirone group strengthens governance procedure over Generali, MPS stakes

    France says cattle disease under control as farm protests continue

    France says cattle disease under control as farm protests continue

    Israeli forces kill Palestinian teen in West Bank, health ministry says

    Israeli forces kill Palestinian teen in West Bank, health ministry says

    Ukraine could gain NATO-like security assurances in US-proposed Russia peace deal

    Ukraine could gain NATO-like security assurances in US-proposed Russia peace deal

    European drone wall, other 'flagship' defence projects at risk in EU power struggle

    European drone wall, other 'flagship' defence projects at risk in EU power struggle

    Jimmy Lai remains beacon of Hong Kong press freedom, say ex-colleagues awaiting his sentencing

    Jimmy Lai remains beacon of Hong Kong press freedom, say ex-colleagues awaiting his sentencing

    US eases sanctions on three Belarus potash companies after prisoner release

    US eases sanctions on three Belarus potash companies after prisoner release

    ICC rejects Israeli bid to halt Gaza war investigation

    ICC rejects Israeli bid to halt Gaza war investigation

    UK watchdog Ofqual fines Pearson 2 million pound for standards breaches

    UK watchdog Ofqual fines Pearson 2 million pound for standards breaches

    View All Headlines Posts