Bernard Arnault’s lawyer argued that the CEO of LVMH is too respectable to engage in petty money laundering French luxury goods magnate Bernard Arnault is being probed over a suspicious financial transaction involving a Russian businessman Nikolai Sarkisov, according to the Paris public prosecutor's office. The case was brought to light by the French newspaper Len Monde, which reported earlier last week, citing a December 2022 document from France’s Tracfin financial intelligence unit, that Sarkisov acquired real estate at the Alpine ski resort of Courchevel in 2018 via a complex transition in which Arnault allege
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