Bernard Arnault under investigation by French prosecutors for money laundering
The French billionaire and owner of the "LVMH" fashion house, Bernard Arnault, is under investigation by justice, CNN reports citing the Paris prosecutor's office.
The world's second richest man is under investigation by judicial authorities after reports of money laundering involving a Russian businessman. According to the Paris Prosecutor's office, a preliminary investigation is already underway following a report by TRACFIN, the French government's anti-money laundering agency.
French billionaire Bernard Arnault and Russian oligarch Nikolai Sarkisov are under investigation for money laundering at a luxury Alpine resort, according to Paris prosecutors, France24 reports.