Financial transactions between billionaire LVMH owner Bernard Arnault and Russian businessman Nikolai Sarkisov are being investigated by the Paris prosecutor’s office.
The office said on Friday the transactions had been added to a preliminary probe launched in 2022.
Prosecutors did not disclose the target of the preliminary probe, but said potentially suspicious financial transactions between Arnault and Sarkisov had been added to the inquiry after the office received an alert from Tracfin, the French finance ministry’s financial investigation service.
Read the full story on the Financial Times here.