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Former French Spy Chief Convicted for Misusing Public Funds to Aid LVMH

  • A former head of France's domestic intelligence service, Bernard Squarcini, was sentenced to two years in prison for using agents to benefit LVMH.
  • Squarcini received an additional two years suspended and a £200,000 fine after a trial that included testimony from Bernard Arnault, the founder of LVMH.
  • He was convicted for using the agency to identify a blackmailer targeting Arnault, who is the fifth richest person in the world.
  • LVMH reached a £10 million settlement with the state to avoid prosecution in the case.
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Bernard Squarcini, in the French secret, used his influence to gather privileged information for the benefit of the luxury group LVMH. He was then hired by the company.

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  • 52% of the sources are Center
52% Center

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The Telegraph broke the news in London, United Kingdom on Friday, March 7, 2025.
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