Gaddafi gave Sarkozy £42 mln to fund 2007 election campaign: Report

London, Apr 29 (ANI): Nicolas Sarkozy's hopes of being re-elected as the French President have rocked by new reports suggesting he accepted a 42 million pound funding from slain Libyan dictator Muammar Gaddafi for his 2077 election campaign.

A document made public in Paris reportedly showed that Sarkozy and Gaddafi made an illegal financial deal that propelled Sarkozy to power in 2007.

A news website claimed that that the massive donation was laundered through bank accounts in Panama and Switzerland, The Daily Mail reports.

Written in Arabic and signed by Mussa Kussa, Gaddafi's intelligence chief in 2006, it refers to an 'agreement in principle to support the campaign for the candidate for the presidential elections, Nicolas Sarkozy, for a sum equivalent to 50 million Euros'.

According to the paper, under the French law, presidential candidates are not allowed to receive cash payments above 6,300 pounds.

A bundle of incriminating evidence has been leaked by senior members of the governing National Transitional Council, to Left-wing investigative French news site Mediapart, the paper said.

Sarkozy is facing huge pressure to explain himself in the light of what his opponents called 'compelling evidence'.

His socialist rival Francois Hollande's spokesman Bernard Cazeneuve said that 'faced with such serious allegations, backed up by documents sourced from the Libyan dictator's own entourage, Sarkozy must explain himself before the French people.' (ANI)