The Paris public prosecutor's office is investigating LVMH CEO Bernard Arnault over financial transactions involving Russian oligarch Nikolai Sarkisov.
French newspaper Le Monde reported Thursday, citing France's Tracfin financial intelligence unit, that Sarkisov had bought real estate at an Alpine resort with the help of a loan from Arnault.
French newspaper Le Monde reported Thursday, citing France's Tracfin financial intelligence unit, that Sarkisov had bought real estate at an Alpine resort with the help of a loan from Arnault. The prosecutor's office declined to comment further on the ongoing investigations. A preliminary investigation does not necessarily imply wrongdoing, and Le Monde cited a close associate of Arnault as saying the deal was carried out within the scope of French law.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
LVMH cheers on 2024 Olympic Games with ‘Crafting Dreams’ campaignAs a premium sponsor, the French luxury conglomerate is teasing what lies ahead for the major sporting event.
Read more »
At Paris Fashion Week '70s nostalgia meets futuristic flair amid dramatic twistsParis Fashion Week spring-summer 2024 saw a resonating ’70s influence, mingled with contemporary flair
Read more »
Selena Gomez sizzles in white-hot corset and thigh-high snakeskin boots in ParisThe “Single Soon” singer was on her way to meet BFF Nicola Peltz and her husband Brooklyn Beckham in a sleek and sexy look.
Read more »