Former French security agency head is in court for allegedly spying for LVMH billionaire Bernard Arnault

Fortune11-14

The former head of France's domestic intelligence agency went on trial on Wednesday on charges of using his security contacts for private gain, including on behalf of France's richest man: billionaire...

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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFormer French security agency head is in court for allegedly spying for LVMH billionaire Bernard Arnault\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-14 19:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/former-french-security-agency-head-114634202.html><strong>Fortune</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The former head of France's domestic intelligence agency went on trial on Wednesday on charges of using his security contacts for private gain, including on behalf of France's richest man: billionaire...</p>\n\n<a href=\"https://finance.yahoo.com/news/former-french-security-agency-head-114634202.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LVMHF","symbol_name":"LVMH-Moet Hennessy Louis Vuitton","start_time":0,"source_url":"https://finance.yahoo.com/news/former-french-security-agency-head-114634202.html","article_id":"2483806976","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/bsHBE7TyDtOit0CXoegyQg--~B/aD0xMzYyO3c9MjA0ODthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/fortune_175/9e9dd3b7d338b751bb3a8d7a3c9f469e"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483806976","pubTimestamp":1731584794,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"The former head of France's domestic intelligence agency went on trial on Wednesday on charges of using his security contacts for private gain, including on behalf of France's richest man: billionaire LVMH boss Bernard Arnault.Bernard Squarcini, ex-head of the DCRI security service , is one of 10 men on trial in the Paris criminal court case.They relate both to the period when Squarcini headed the DCRI from 2008-12 and to his subsequent return to the private sector, when he worked largely for luxury behemoth LVMH as a consultant.Investigators say that as early as 2008, DCRI officers were deployed to try and identify a blackmailer targeting Arnault.He faces 11 charges, including influence peddling, misuse of public funds, and compromising national security information.Before his 2017 election to parliament, Ruffin produced a satirical film, \"Merci Patron\" , about Arnault that won a Cesar award—French cinema's equivalent of an Oscar. The story follows a family that lost their jobs at an ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LVMHF":"LVMH-Moet Hennessy Louis Vuitton","BK4202":"服装、服饰与奢侈品","BK4585":"ETF&股票定投概念","LVMUY":"路易威登","BK4588":"碎股"},"translate_title":"法国前安全局局长因涉嫌为路威酩轩集团亿万富翁伯纳德·阿尔诺从事间谍活动而出庭","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LVMHF":0.9,"LVMUY":0.9},"content_text":"The former head of France's domestic intelligence agency went on trial on Wednesday on charges of using his security contacts for private gain, including on behalf of France's richest man: billionaire LVMH boss Bernard Arnault.\nBernard Squarcini, ex-head of the DCRI security service (France’s General Directorate for Internal Security, since renamed the DGSI), is one of 10 men on trial in the Paris criminal court case.\nThey relate both to the period when Squarcini headed the DCRI from 2008-12 and to his subsequent return to the private sector, when he worked largely for luxury behemoth LVMH as a consultant. \nInvestigators say that as early as 2008, DCRI officers were deployed to try and identify a blackmailer targeting Arnault.\nHe faces 11 charges, including influence peddling, misuse of public funds, and compromising national security information.\n\n\n\n  Bernard Squarcini dans son bureau à la DCRI à Levallois Perret le 26 mars 2012, France. (Photo by Jean-Pierre REY/Gamma-Rapho via Getty Images)\n \n\nSquarcini’s agency racked up contracts worth €2 million with LVMH, The Telegraph reported. He allegedly used state tools to serve his own interests and shared live investigation details that were meant to be confidential, including about a criminal complaint made by fellow French luxury powerhouse, Hermès.   \nOther allegations relate to spying on journalist Francois Ruffin—now a leading left-wing lawmaker—and his newspaper \"Fakir\" from 2013 to 16. \nBefore his 2017 election to parliament, Ruffin produced a satirical film, \"Merci Patron\" (or \"Thanks Boss\"), about Arnault that won a Cesar award—French cinema's equivalent of an Oscar. The story follows a family that lost their jobs at an LVMH supplier when its work was moved out of France.\nLVMH chiefs were worried about Ruffin at the time of the espionage because he had plans to disrupt the company's shareholder meetings. The company ultimately settled with prosecutors out of court in 2021 for €10 million.\nOn Tuesday, Ruffin said that the process had \"been decapitated\" because LVMH itself was not in the dock.\nAlong with Squarcini, nine other people are on trial—but the LVMH patriarch himself doesn’t face any charges. In a 2019 questioning over the same matter, Arnault, who is worth $164 billion, denied he had any knowledge of the matter. \nSquarcini, too, has denied wrongdoing, telling judges that protecting Arnault, France’s richest man, is a matter of national interest.\nArnault is set to appear in court on Nov. 28 as a witness.\nThis story was originally featured on Fortune.com","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483806976"}