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.
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

Sizzling Lady Summer time Begins within the Bathe—Right here’s Learn how to Prep Your Pores and skin

Sizzling Lady Summer time Begins within the Bathe—Right here’s Learn how to Prep Your Pores and skin

We might obtain a portion of gross sales if you buy a product by a hyperlink on this article. Most…

By Editorial Board 8 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

“A Family’s Fight to Reclaim Their Legacy”

“A Family’s Fight to Reclaim Their Legacy”

Introduction: For generations, the Wright family has worked and lived…

July 9, 2025

AR Global Inc CEO Kason Roberts Donates to Support Kerrville Storm Victims, Mobilizes Team for Restoration Efforts

Kerrville, Texas — In the aftermath…

July 9, 2025

Bitcoin Tops $109,000 After Senate Passes Trump’s ‘Big Beautiful Bill’ – “The Defiant”

The crypto market posted modest good…

July 9, 2025

Two vital hazard alerts within the June employment report – Indignant Bear

Two vital hazard alerts within the…

July 9, 2025

Simone Biles Thirst Traps in Bikini Amidst Boob Job Hypothesis

Studying Time: 3 minutes Simone Biles…

July 9, 2025

You Might Also Like

Chime’s sticky person base makes it a winner for traders, analyst says
Business

Chime’s sticky person base makes it a winner for traders, analyst says

It’s been lower than a month since Chime Monetary went public, however the neobank is successful over analysts who're already…

6 Min Read
This yr’s Amazon’s Prime Day is essentially the most unpredictable ever due to tariffs and AI
Business

This yr’s Amazon’s Prime Day is essentially the most unpredictable ever due to tariffs and AI

For those who look again 10 years to the primary and authentic Amazon Prime Day gross sales occasion, you may…

5 Min Read
Macron says France and the UK will ‘save Europe’ regardless that Brexit was all about Britain leaving the EU
Business

Macron says France and the UK will ‘save Europe’ regardless that Brexit was all about Britain leaving the EU

French President Emmanuel Macron on Tuesday urged Britain to stay near its neighbors regardless of its exit from the European Union, saying…

8 Min Read
Trump doubles down on Aug. 1 tariff deadline as shares proceed to dip
Business

Trump doubles down on Aug. 1 tariff deadline as shares proceed to dip

Markets prolonged their downward slide on Tuesday as buyers remained cautious concerning the looming tariff deadline, with the S&P 500…

4 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?