LVMHF - Second Richest Person Louis Vuitton's Bernard Arnault Under Scrutiny Over Suspected Money Laundering | Benzinga
LVMH Moet Hennessy Louis Vuitton SE's (OTC: LVMHF) CEO Bernard Arnault is under investigation by the Paris public prosecutor's office.
The probe centers around financial transactions involving Russian oligarch Nikolai Sarkisov, as French newspaper Le Monde reported and confirmed by France's Tracfin financial intelligence unit.
Arnault is being scrutinized for a transaction in which Sarkisov allegedly bought real estate at an Alpine resort, assisted by a loan from Arnault.
The investigation has been underway since 2022, indicating a possible linkage to acts of money laundering.
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