Close Menu
    What's Hot

    Turning Point Brands and Tucker Carlson’s oral nicotine pouch brand eye European expansion (TPB:NYSE)

    June 29, 2026

    Why a Creator Economy Startup Founder Pivoted to Data Centers

    June 29, 2026

    El Salvador Bitcoin Reserve Faces IMF Scrutiny

    June 29, 2026
    Facebook X (Twitter) Instagram
    Hot Paths
    • Home
    • News
    • Politics
    • Money
    • Personal Finance
    • Business
    • Economy
    • Investing
    • Markets
      • Stocks
      • Futures & Commodities
      • Crypto
      • Forex
    • Technology
    Facebook X (Twitter) Instagram
    Hot Paths
    Home»Business»Former French security agency head in court for allegedly spying for Bernard Arnault
    Business

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

    Press RoomBy Press RoomNovember 14, 2024No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    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 (France’s General Directorate for Internal Security, since renamed the DGSI), 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.

    Jean-Pierre REY/Gamma-Rapho—Getty Images

    Squarcini’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.   

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

    Before 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.

    LVMH 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.

    On Tuesday, Ruffin said that the process had “been decapitated” because LVMH itself was not in the dock.

    Along 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. 

    Squarcini, too, has denied wrongdoing, telling judges that protecting Arnault, France’s richest man, is a matter of national interest.

    Arnault is set to appear in court on Nov. 28 as a witness.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Press Room

    Related Posts

    Rheinmetall investors to get bumper dividend from booming arms sales

    March 11, 2026

    How to fight deepfakes

    March 11, 2026

    Best Employers: UK

    March 11, 2026
    Leave A Reply Cancel Reply

    LATEST NEWS

    Turning Point Brands and Tucker Carlson’s oral nicotine pouch brand eye European expansion (TPB:NYSE)

    June 29, 2026

    Why a Creator Economy Startup Founder Pivoted to Data Centers

    June 29, 2026

    El Salvador Bitcoin Reserve Faces IMF Scrutiny

    June 29, 2026

    Can the 21st Century ROAD to Housing Act fix a broken market?

    June 29, 2026
    POPULAR
    Business

    The Business of Formula One

    May 27, 2023
    Business

    Weddings and divorce: the scourge of investment returns

    May 27, 2023
    Business

    How F1 found a secret fuel to accelerate media rights growth

    May 27, 2023
    Advertisement
    Load WordPress Sites in as fast as 37ms!

    Archives

    • June 2026
    • May 2026
    • April 2026
    • March 2026
    • February 2026
    • January 2026
    • December 2025
    • November 2025
    • October 2025
    • September 2025
    • August 2025
    • July 2025
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • May 2023

    Categories

    • Business
    • Crypto
    • Economy
    • Forex
    • Futures & Commodities
    • Investing
    • Market Data
    • Money
    • News
    • Personal Finance
    • Politics
    • Stocks
    • Technology

    Your source for the serious news. This demo is crafted specifically to exhibit the use of the theme as a news site. Visit our main page for more demos.

    We're social. Connect with us:

    Facebook X (Twitter) Instagram Pinterest YouTube

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Buy Now
    © 2026 ThemeSphere. Designed by ThemeSphere.

    Type above and press Enter to search. Press Esc to cancel.