PARIS — A spokesman for one of Bernard Arnault’s investment vehicles in Belgium characterized an inquiry by that country’s prosecutor’s office as a “normal technical procedure,” whose outcome is awaited “with great serenity.”
The spokesman for Pilinvest, a holding company Arnault established 14 years ago, said that it has always “fully complied with regulations.” He noted that the investigation in question was initiated about a year ago.
Several French weekend papers picked up an item originally published in the Belgian business daily De Tijd suggesting authorities are looking into the legality of a capital increase in Pilinvest, and another irregularity.
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Arnault, the chairman and chief executive officer of LVMH Moët Hennessy Louis Vuitton and France’s richest man, made headlines last year when it was revealed he had applied for Belgian citizenship — a quest he has since abandoned.