LVMH's Arnault Denies Money Laundering Allegations Over Loan to Russian Oligarch

World's top luxury group LVMH head Bernard Arnault denies money laundering allegations
French prosecutor's office investigating financial transactions between Arnault and Russian oligarch Nikolai Sarkisov
Transactions relate to Sarkisov's Alpine real estate purchase funded by Arnault's company loan
Arnault's attorney says allegations are "absurd and unfounded", transactions were legal
Sarkisov's deputy CEO says Sarkisov wasn't involved in the real estate deal, calls it a "usual real estate transaction"

cnbc.com

Relevant topic timeline:

9/29/2023

LVMH CEO Bernard Arnault Under Investigation in Paris Over Loan to Russian Oligarch

The Paris public prosecutor's office is investigating LVMH CEO Bernard Arnault over financial transactions involving Russian oligarch Nikolai Sarkisov, with a preliminary investigation underway since 2022 regarding possible acts of money laundering.