This website collects cookies to deliver better user experience, you agree to the Privacy Policy.
Accept
Sign In
The Texas Reporter
  • Home
  • Trending
  • Texas
  • World
  • Politics
  • Opinion
  • Business
    • Business
    • Economy
    • Real Estate
  • Crypto & NFTs
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Books
    • Arts
  • Health
  • Sports
  • Entertainment
Reading: Former French safety company head is in courtroom for allegedly spying for LVMH billionaire Bernard Arnault
Share
The Texas ReporterThe Texas Reporter
Font ResizerAa
Search
  • Home
  • Trending
  • Texas
  • World
  • Politics
  • Opinion
  • Business
    • Business
    • Economy
    • Real Estate
  • Crypto & NFTs
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Books
    • Arts
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© The Texas Reporter. All Rights Reserved.
The Texas Reporter > Blog > Business > Former French safety company head is in courtroom for allegedly spying for LVMH billionaire Bernard Arnault
Business

Former French safety company head is in courtroom for allegedly spying for LVMH billionaire Bernard Arnault

Editorial Board
Editorial Board Published November 14, 2024
Share
Former French safety company head is in courtroom for allegedly spying for LVMH billionaire Bernard Arnault
SHARE

The previous head of France’s home intelligence company went on trial on Wednesday on prices of utilizing his safety contacts for personal achieve, together with on behalf of France’s richest man: billionaire LVMH boss Bernard Arnault.

Bernard Squarcini, ex-head of the DCRI safety service (France’s Common Directorate for Inner Safety, since renamed the DGSI), is one in every of 10 males on trial within the Paris legal courtroom case.

They relate each to the interval when Squarcini headed the DCRI from 2008-12 and to his subsequent return to the personal sector, when he labored largely for luxurious behemoth LVMH as a marketing consultant. 

Investigators say that as early as 2008, DCRI officers have been deployed to attempt to determine a blackmailer concentrating on Arnault.

He faces 11 prices, together with affect peddling, misuse of public funds, and compromising nationwide safety info.

Jean-Pierre REY/Gamma-Rapho—Getty Pictures

Squarcini’s company racked up contracts value €2 million with LVMH, The Telegraph reported. He allegedly used state instruments to serve his personal pursuits and shared dwell investigation particulars that have been meant to be confidential, together with a couple of legal criticism made by fellow French luxurious powerhouse, Hermès.   

Different allegations relate to spying on journalist Francois Ruffin—now a number one left-wing lawmaker—and his newspaper “Fakir” from 2013 to 16. 

Earlier than his 2017 election to parliament, Ruffin produced a satirical movie, “Merci Patron” (or “Thanks Boss”), about Arnault that gained a Cesar award—French cinema’s equal of an Oscar. The story follows a household that misplaced their jobs at an LVMH provider when its work was moved out of France.

LVMH chiefs have been nervous about Ruffin on the time of the espionage as a result of he had plans to disrupt the corporate’s shareholder conferences. The corporate finally settled with prosecutors out of courtroom in 2021 for €10 million.

On Tuesday, Ruffin stated that the method had “been decapitated” as a result of LVMH itself was not within the dock.

Together with Squarcini, 9 different persons are on trial—however the LVMH patriarch himself doesn’t face any prices. In a 2019 questioning over the identical matter, Arnault, who’s value $164 billion, denied he had any information of the matter. 

Squarcini, too, has denied wrongdoing, telling judges that defending Arnault, France’s richest man, is a matter of nationwide curiosity.

Arnault is about to look in courtroom on Nov. 28 as a witness.

TAGGED:agencyAllegedlyArnaultBernardBillionaireCourtFrenchLVMHSecurityspying
Share This Article
Twitter Email Copy Link Print
Previous Article Make This Quick Rib Ragu for Cozy Nights In Make This Quick Rib Ragu for Cozy Nights In
Next Article Railroad unions push to ink new contracts with their employers earlier than Trump returns to workplace Railroad unions push to ink new contracts with their employers earlier than Trump returns to workplace

Editor's Pick

Barbies and Sizzling Wheels will price extra as Trump retains toying with tariffs

Barbies and Sizzling Wheels will price extra as Trump retains toying with tariffs

Appears to be like like President Donald Trump is lastly getting his want: Children will likely be getting fewer dolls…

By Editorial Board 4 Min Read
Alpine’s Sizzling Hatch EV Has a Constructed-In, ‘Gran Turismo’ Model Driving Teacher

One other win over its Renault 5 sibling is a multi-link rear…

3 Min Read
Louis Vuitton Is Dropping a New Perfume As a result of It’s Sizzling | FashionBeans

We independently consider all beneficial services and products. Any services or products…

2 Min Read

Latest

Rooster Lettuce Wraps

Rooster Lettuce Wraps

Higher (and sooner!) than takeout, these hen lettuce wraps mix…

May 14, 2025

Ex-White Home physician says Trump wants the well being packages he’s destroying

Whereas the Trump administration hacks away…

May 14, 2025

Civil service relocation and AI officers at coronary heart of presidency value slicing measures | Politics Information

AI civil servants and sending human…

May 14, 2025

One other sports activities league takes a swing at appeasing Trump

Donald Trump will probably declare one other…

May 14, 2025

CEOs tag together with Trump to Center East for a candy money seize

Whereas President Donald Trump’s present journey…

May 14, 2025

You Might Also Like

Donald Trump’s tax plan reveals good instincts—he simply must go larger
Business

Donald Trump’s tax plan reveals good instincts—he simply must go larger

Donald Trump’s political instincts have led him to the brink of a transformative tax plan. He has made the elimination…

7 Min Read
Honda’s  billion EV mission is the most recent sufferer of the trade’s slowdown
Business

Honda’s $10 billion EV mission is the most recent sufferer of the trade’s slowdown

Honda Canada will postpone a $15-billion Canadian (US$10.7 billion) electrical automobile funding mission in Canada's most populous province, together with…

2 Min Read
3M pays as much as 0 million for drinking-water contamination from ‘forever chemicals’
Business

3M pays as much as $450 million for drinking-water contamination from ‘forever chemicals’

New Jersey's lawyer normal stated Tuesday chemical producer 3M agreed to pay up $450 million to resolve lawsuits over pure…

4 Min Read
Billionaire CEO Ken Griffin is loaning out his  million copy of the U.S. Structure
Business

Billionaire CEO Ken Griffin is loaning out his $43 million copy of the U.S. Structure

Citadel CEO Ken Griffin believes American prosperity is a testomony to the ability of the Structure. And because the nation…

6 Min Read
The Texas Reporter

About Us

Welcome to The Texas Reporter, a newspaper based in Houston, Texas that covers a wide range of topics for our readers. At The Texas Reporter, we are dedicated to providing our readers with the latest news and information from around the world, with a focus on issues that are important to the people of Texas.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact Us

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Term of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices

© The Texas Reporter. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?