AIRLINK 196.50 Increased By ▲ 2.94 (1.52%)
BOP 10.25 Increased By ▲ 0.30 (3.02%)
CNERGY 7.88 Decreased By ▼ -0.05 (-0.63%)
FCCL 39.80 Decreased By ▼ -0.85 (-2.09%)
FFL 17.09 Increased By ▲ 0.23 (1.36%)
FLYNG 27.12 Decreased By ▼ -0.63 (-2.27%)
HUBC 133.95 Increased By ▲ 1.37 (1.03%)
HUMNL 14.10 Increased By ▲ 0.21 (1.51%)
KEL 4.78 Increased By ▲ 0.18 (3.91%)
KOSM 6.64 Increased By ▲ 0.02 (0.3%)
MLCF 47.18 Decreased By ▼ -0.42 (-0.88%)
OGDC 214.79 Increased By ▲ 0.88 (0.41%)
PACE 6.96 Increased By ▲ 0.03 (0.43%)
PAEL 42.00 Increased By ▲ 0.76 (1.84%)
PIAHCLA 17.15 No Change ▼ 0.00 (0%)
PIBTL 8.50 Increased By ▲ 0.09 (1.07%)
POWER 9.60 Decreased By ▼ -0.04 (-0.41%)
PPL 183.96 Increased By ▲ 1.61 (0.88%)
PRL 42.90 Increased By ▲ 0.94 (2.24%)
PTC 25.15 Increased By ▲ 0.25 (1%)
SEARL 109.80 Increased By ▲ 2.96 (2.77%)
SILK 1.00 Increased By ▲ 0.01 (1.01%)
SSGC 44.11 Increased By ▲ 4.01 (10%)
SYM 17.86 Increased By ▲ 0.39 (2.23%)
TELE 8.96 Increased By ▲ 0.12 (1.36%)
TPLP 13.06 Increased By ▲ 0.31 (2.43%)
TRG 67.60 Increased By ▲ 0.65 (0.97%)
WAVESAPP 11.68 Increased By ▲ 0.35 (3.09%)
WTL 1.83 Increased By ▲ 0.04 (2.23%)
YOUW 3.97 Decreased By ▼ -0.10 (-2.46%)
BR100 12,249 Increased By 204.5 (1.7%)
BR30 36,933 Increased By 352.6 (0.96%)
KSE100 115,663 Increased By 1625.1 (1.43%)
KSE30 36,398 Increased By 603.9 (1.69%)

Francois Hollande was dealt another blow Wednesday after an advisor suspected of misusing company assets resigned, the French president's latest close associate to step down under a cloud of controversy. Faouzi Lamdaoui, Hollande's chief of staff during his presidential campaign who subsequently became his advisor for equal opportunities and diversity, has been summoned to court for acts dating back to 2007-2008 in connection with his involvement in a transport company.
He resigned "to give himself the means to defend himself", the Elysee palace announced in a statement. Hollande promised a government of unimpeachable morals when he was elected French leader in May 2012, winning against centre-right rival Nicolas Sarkozy, who has been directly or indirectly involved in several graft investigations.
But his Socialist presidency has since been hit by a steady stream of scandals that have contributed to making him the most unpopular leader in modern French history. Just two weeks ago, his junior minister for veteran affairs Kader Arif resigned over a probe into whether two companies run by his brother and nephew benefited from favouritism in the awarding of public contracts worth millions of euros. In September, junior trade minister Thomas Thevenoud was sacked for tax irregularities only two weeks after being appointed in a shock cabinet reshuffle following a party rebellion.
Several months before that, Hollande's senior political advisor Aquilino Morelle resigned over allegations about a conflict of interest and an extravagant lifestyle. And former budget minister Jerome Cahuzac, who was in charge of fighting tax evasion, resigned in March last year after admitting to having an undeclared foreign bank account.

Copyright Agence France-Presse, 2014

Comments

Comments are closed.