Bernard Arnault Denies Knowledge of Alleged Spy Scheme in Court
Originally Published 1 year ago — by Fortune
Billionaire Bernard Arnault, head of LVMH, testified in a Paris court, denying any knowledge of an alleged influence-peddling scheme involving Bernard Squarcini, former head of France's domestic intelligence agency. Squarcini is accused of using his position for private gain, including obtaining confidential information for LVMH. Arnault stated he was unaware of any such activities and emphasized that neither he nor LVMH were indicted. The case also involves allegations of spying on journalist-turned-lawmaker Francois Ruffin, who had criticized Arnault in a satirical film.