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Fake Work Allegations Deal Massive Blow to Fillon’s Chances

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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

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary.

His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.

Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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