Billionaire Bernard Arnault hits back at 'absurd' and 'senseless' money laundering allegations
Publishing timestamp: 2023-10-02 12:04:51
Summary
The Paris prosecutor's office is investigating financial transactions between LVMH CEO Bernard Arnault and Russian oligarch Nikolai Sarkisov for potential money laundering. Both Arnault and Sarkisov have denied any wrongdoing, and the preliminary investigation does not suggest that a crime has been committed. The investigation is focused on a real estate purchase by Sarkisov in the French ski resort of Courchevel, which allegedly involved a loan from one of Arnault's companies. Both parties claim that the transaction was conducted legally and in accordance with French law.
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