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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 that the transactions had been added to a preliminary probe launched in 2022.
Prosecutors did not disclose the target of the preliminary probe, but said that potentially suspicious financial transactions between Arnault and Sarkisov had been added to the inquiry after it received an alert from Tracfin, the French finance ministry’s financial investigation service.
In France, the start of an investigation does not imply any guilt for those involved.
Arnault’s spokesperson, Tracfin, and Sarkisov’s company, Reso-Garantia did not immediately respond to requests for comment.