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LVMH boss Bernard Arnault under investigation in Paris over Russian oligarch transactions

  • French billionaire Bernard Arnault and Russian oligarch Nikolai Sarkisov are under investigation by Paris prosecutors for alleged money laundering at a luxury Alpine resort.
  • Arnault, the second-richest person in the world and CEO of LVMH, is suspected of providing a loan of €18.3 million to Sarkisov for a complex deal involving multiple countries.
  • The investigation has been ongoing since 2022 and is based on a report from the Tracfin financial intelligence unit, which suggests money laundering activities.
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Liberation broke the news in Paris, France on Thursday, September 28, 2023.
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