French billionaire Bernard Arnault and Russian oligarch Nikolai Sarkisov are under investigation for alleged money laundering at a luxury Alpine resort, according to Paris prosecutors.The French economy ministry's financial intelligence unit is leading the investigation, but has yet to determine whether any crime had been committed, a source close to the investigation told AFP.
French daily Le Monde, citing the Tracfin financial intelligence unit, reported that the 55-year old Russian billionair
LVMH Moet Hennessy Louis Vuitton SE's (OTC: LVMHF) CEO Bernard Arnault is under investigation by the Paris public prosecutor's office.