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French Prosecutor Investigates LVMH Owner Bernard Arnault Over Dealings with Russian Businessman

  • French prosecutor is investigating billionaire Bernard Arnault over dealings with Russian businessman.

  • Probe follows report by French anti-money laundering agency TRACFIN.

  • Investigation looking into whether financial dealings constitute money laundering.

  • Arnault is world's second richest person behind Elon Musk, worth $164 billion.

  • Arnault owns luxury conglomerate LVMH including Louis Vuitton and Moet & Chandon.

cnn.com
Relevant topic timeline:
French prosecutors are investigating LVMH CEO Bernard Arnault over financial transactions linked to Russian oligarch Nikolai Sarkisov, involving the purchase of a ski resort in the French Alps using a loan from Arnault.
LVMH CEO Bernard Arnault denies allegations of money laundering in response to an investigation into financial transactions between him and Russian oligarch Nikolai Sarkisov.