Former French President, Nicolas Sarkozy has been arrested in the judicial police headquarters in the French commune of Nanterre, France, where he will be testifying in an affair over allegedly illegally financing of his presidential campaign in 2007.

Local media reported today, Tuesday that Sarkozy will be questioned over allegedly receiving five million euros (6.1 million dollars) in cash from Libya from Libya’s late leader, Muammar Gaddafi.

The BFMTV broadcaster reported that French-Lebanese businessman, Ziad Takieddine, in December last year, was questioned over corruption allegations and on suspicion of misusing Libya’s state funds.

Takieddine was said to have claimed that he brought five million euros (6.1 million dollars) in cash from Libya to France in late 2006 and early 2007, and the money was then transferred to Sarkozy via an intermediary.

According to French media, the former President, who has not testified on this case before, could spend up to 48 hours in custody. [myad]