French Billionaire Bernard Arnault and Russian Oligarch Nikolai Sarkisov Investigated for Alleged Money Laundering at Luxury Alpine ResortFrench billionaire Bernard Arnault and Russian oligarch Nikolai Sarkisov are currently facing an investigation by Paris prosecutors for alleged money laundering at a luxury Alpine resort. The investigation centers around their activities in Courchevel, a ski resort in the French Alps well-known as a haven for the ultra-rich. It is believed that Arnault, the chairman and CEO of luxury empire LMVH, lent Sarkisov €18.3 million for the deal. LVMH, Arnault’s company, declined to comment on the ongoing investigation, and both Arnault’s spokesperson and Sarkisov could not be reached for comment. The investigation by Paris prosecutors is still ongoing, and further developments are expected in due course.

Source: The Guardian October 01, 2023 09:13 UTC