Transactions involving Bernard Arnault investigated over suspected money laundering

Paris public prosecutor's office examining ski resort deal but Russian businessman Nikolai Sarkisov denies personal involvement

The Paris public prosecutor's office is investigating financial transactions allegedly involving the French billionaire Bernard Arnault and a Russian businessman.

The prosecutors are investigating transactions involving Arnault, whose ownership of the luxury goods group LVMH has made him the world's second richest person after Elon Musk, and Nikolai Sarkisov, Reuters reported, citing a statement from the Paris prosecutor's office. Sarkisov's brother, Sergei, founded the Russian insurance company Reso-Garantia.