Bernard Arnault, the world’s second richest man and CEO of LVMH—one of Europe’s most valuable companies—is the subject of an investigation over financial transactions linked to Russian oligarch Nikolai Sarkisov.
An investigation into the matter was first opened in 2022, the prosecutors’ office said. But news about it was made public last week when French outlet Le Monde reported that authorities were probing Sarkisov’s purchase of a ski resort in the French Alps using a loan from Arnault. The report cited Tracfin, an anti-money laundering unit within the French economy ministry, which flagged the transaction as a suspicious financial transaction.
