🧵 1. Paris prosecutor investigates LVMH CEO Bernard Arnault over financial transactions with Russian oligarch Nikolai Sarkisov. #world
🧵 1. Paris prosecutor investigates LVMH CEO Bernard Arnault over financial transactions with Russian oligarch Nikolai Sarkisov. #world
🧵 2. French newspaper Le Monde reports Sarkisov bought Alpine resort property with loan from Arnault. Preliminary investigation since 2022.
🧵 3. Tracfin report suggests Arnault's transactions with Sarkisov may constitute money laundering. Preliminary investigation doesn't imply guilt.
🧵 4. Arnault, CEO of LVMH, previously lost tax investigation case related to activities in Belgium. Legal associate claims the deal was within French law.
🧵 5. RESO-Garantia denies involvement in the transaction, stating it was managed by an investment unit. LVMH and Sarkisov remain silent on the matter.
🧵 Read more at: https://www.cnbc.com/2023/09/29/lvmh-boss-bernard-arnault-under-investigation-in-paris-over-oligarch-transactions.html