LVMH CEO Bernard Arnault Denies Spying Allegations And Influence-Peddling Ties During Legal Testimony

Lvmh Moet Hennessy Louis Vuitton's Bernard Arnault has denied knowledge of any alleged spying and intelligence peddling.

Arnault, the chief of LVMH, testified in a high-stakes trial on Thursday, denying any knowledge of an alleged scheme to protect the luxury group, reported Fortune.

France’s wealthiest man was called to testify in the trial of Bernard Squarcini, the former head of France’s domestic intelligence agency. Squarcini is one of ten men on trial, facing charges of using his security contacts for private gain, including obtaining confidential information on behalf of LVMH.