LVMH CEO Bernard Arnault Under Investigation for Financial Ties to Russian Oligarch

Bernard Arnault, CEO of LVMH and world's 2nd richest man, is under investigation for financial links to Russian oligarch Nikolai Sarkisov.
The investigation involves Sarkisov's purchase of a French ski resort using a loan from Arnault.
Arnault's lawyer denies any wrongdoing, saying the deal was legal. Sarkisov also denies involvement.
The investigation doesn't imply guilt. No one has been charged yet.
LVMH is a major French company that owns luxury brands like Louis Vuitton. Its growth has brought some legal scrutiny.

fortune.com

Relevant topic timeline:

9/29/2023

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

French billionaire and LVMH owner, Bernard Arnault, is under investigation for potential money laundering in relation to his financial dealings with a Russian businessman, according to the Paris prosecutor's office.

10/2/2023

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

LVMH CEO Bernard Arnault denies allegations of money laundering in response to an investigation into financial transactions between him and Russian oligarch Nikolai Sarkisov.