The prosecutor’s investigation involves deals involving the owner of LVMH and a Russian businessman.
Paris prosecutors are investigating financial transactions involving LVMH owner Bernard Arnault and Russian businessman Nikolai Sarkisov. Reuters reported this on September 29.
The investigation conducted by the prosecutor’s office is preliminary, which means that it does not imply illegal actions on the part of the persons concerned.
Prosecutors began an investigation in 2022 and it involved deals involving Arnault and Sarkisov.
According to media reports, the Russian businessman acquired property in the Courchevel ski resort due to a complex transaction in which Arnault provided a loan through one of his companies.
The transactions involving Arnault and Sarkisov, both operating through a complex network of legal entities, may have been aimed at concealing the source of the funds used.
The investigation centers on the purchase of more than a dozen apartments in Courchevel, where real estate conglomerate LVMH Arnault and related holding structures have several large properties.
It was previously reported that the far-right French party National Rally, led by Marine Le Pen, paid off a loan to Russia of 9 million euros.
Source: korrespondent
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