Fake Work Allegations Deal Massive Blow to Fillon’s Chances

France’s financial prosecutor said on Thursday she would pursue a probe into fake work allegations about presidential candidate Francois Fillon, dealing a new blow to the ex-prime minister’s faltering campaign.

A three-week-old scandal over whether or not Fillon’s wife worked for hundreds of thousands of euros in taxpayers’ money paid to her as a parliamentary aide has cost the conservative his status as favourite to win the presidency in May.

“It is my duty to affirm that the numerous elements collected (by investigators) do not, at this stage, permit the case to be dropped,” prosecutor Eliane Houlette said in a statement after receiving an initial police report on whether public funds were misused.

Reuters

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.