France’s Ex-Intelligence Chief Convicted in Influence Peddling Trial Involving LVMH [The New York Times]
LVMH-MOET H/L/V UNSP/ADR (LVMUY)
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Source: The New York Times
A Paris court on Friday found France’s former intelligence chief, Bernard Squarcini, guilty of using public resources to benefit the French luxury giant LVMH Moët Hennessy Louis Vuitton in a trial that shed light on how the company sought to shield its public image for years.Mr. Squarcini, who oversaw France’s spy agency from 2008 to 2012, was hired as a security consultant by LVMH upon leaving his government post. The court ruled that he had abused his power several times to assist the company. It gave him a four-year prison sentence, with two years under house arrest and two years suspended, and ordered him to pay a fine of 200,000 euros, or about 217,000 dollars. His lawyer said he would appeal the ruling.Among other things, the court found Mr. Squarcini complicit in a bizarre illegal surveillance operation that LVMH conducted on François Ruffin, a gadfly French journalist who began makingan unflattering documentarythe French billionaire Bernard ArnaultThough the company was not am
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