The preliminary investigation centers around Arnault’s links to Nikolai Sarkisov and a property deal in a luxurious French ski resort.
The probe, headed by TRACFIN, the French economy ministry’s intelligence service, is preliminary and does not mean any crime has been committed and the prosecutor’s office told news outlets it would not comment further on ongoing investigations.Reuters it involved transactions linked to both Arnault and Sarkisov.to.
Ultimately, the deal allowed Russia’s Sarkisov to net €1.2 million in capital gain, the paper reported.. He is the world’s second-richest person after Elon Musk. Arnault oversees luxury goods behemoth LVMH, which includes brands like Louis Vuitton, Sephora, Tiffany & Co., Moët & Chandon, Hennessy, Krug and Christian Dior. He has five children, all of whom work across LVMH’s sprawling empire.
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