French Billionaire Bernard Arnault Under Investigation Over Luxury Property Deal With Russian Oligarch

Bernard Arnault, chairman of LVMH, is being investigated over a property deal in a French ski resort with Russian oligarch Nikolai Sarkisov.
Sarkisov acquired luxury apartments in Courchevel through complex transactions funded by loans from Arnault's companies.
French authorities are probing if the deal involved money laundering to conceal origins of funds used.
The investigation began in 2022 but does not imply guilt and both men are presumed innocent.
Arnault is the world's second richest person with $188 billion net worth; Sarkisov has ties to major Russian insurer RESO-Garantia.