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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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Center

The second richest man in the world, Bernard Arnault, is said to have laundered money with a Russian billionaire. A real estate deal is said to have concealed the crime.

·Berlin, Germany
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Lean Right

The French authorities have launched an investigation into possible money laundering involving multi-billionaire Bernard Arnault, as...

·Amsterdam, Netherlands
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Lean Left

The Paris prosecutor's office confirmed on Friday it was investigating financial transactions involving billionaire Bernard Arnault, the owner of the LVMH group and Europe's richest man, and Russian businessman Nikolai Sarkisov.

·Romania
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  • 38% of the sources are Center
38% Center
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Liberation broke the news in Paris, France on Thursday, September 28, 2023.
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