Just two years after leaving the presidency, former French leader Nicolas Sarkozy turned himself in to police this morning as part of an inquiry into a cover-up of suspected illegal campaign fundraising. Sarkozy, 59, is reportedly France's first former president to be taken into formal custody.

From Paris, NPR's Eleanor Beardsley reports:

"Sarkozy is being questioned over his behavior during a probe of possible illegal financing for his 2007 campaign from France's richest woman, L'Oreal heiress Liliane Bettencourt."The case centers around whether Sarkozy and his lawyer were kept informed of insider information on the investigation by a friendly magistrate — who was in return promised a prominent position in Monaco."Sarkozy has made strong hints of a comeback bid in the 2017 presidential election, but his hopes would be dealt a heavy blow if he's charged in this case."He can be held for questioning for a first period of up to 24 hours, with a possible extension of another day before being charged or be released."

The campaign finance allegations against Sarkozy also include the suspicion that he accepted millions of dollars from late Libyan dictator Moammar Gadhafi — and that he and his attorney, Thierry Herzog, were warned about the allegations.

"Sarkozy has denied the claims that he received up to 50 million euros ($70 million at the time) from Gadhafi," France 24 reports.

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