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    Headlines

    France's Former Spy Chief Found Guilty of Using Public Resources to Aid Lvmh

    Published by Global Banking & Finance Review®

    Posted on March 7, 2025

    2 min read

    Last updated: January 25, 2026

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    Tags:corporate governanceFinancial crimeInvestment management

    Quick Summary

    France's ex-spy chief Bernard Squarcini was convicted for using public resources to aid LVMH, involving illegal surveillance of activist Francois Ruffin.

    Former French Spy Chief Convicted for Aiding LVMH

    By Juliette Jabkhiro

    PARIS (Reuters) - A Paris court on Friday found the former head of France's domestic security services, Bernard Squarcini, guilty of using public resources to benefit LVMH, in a trial that shed light on efforts by the world's biggest luxury group to shield its image.

    Squarcini, who headed France's domestic security services from 2008 to 2012, was later hired by LVMH as a security consultant.

    Squarcini was also found to be complicit in the illegal surveillance of Francois Ruffin, a French lawmaker who at the time was an activist, along with members of his left-wing publication Fakir as they planned to disrupt an LVMH shareholder meeting and prepared their satirical documentary film "Merci Patron".

    Squarcini was given a four-year prison sentence with two years suspended, and fined 200,000 euros ($217,300). His lawyers said he would appeal against the verdict.

    LVMH boss Bernard Arnault in November told judges that he did not know about the illegal surveillance ordered nearly 10 years ago by a close associate who died in 2018.

    Ruffin's lawyer, Benjamin Sarfati, welcomed Friday's verdict.

    "We are satisfied with this decision that serves as a call to order, though we regret the absence of Mr Bernard Arnault among defendants," he said.

    During the trial, Arnault's testimony grew tense at times, with the famously discreet billionaire showing his annoyance at questioning from Ruffin's lawyers.

    LVMH, which reached an agreement in 2021 to pay a 10 million euro settlement to close a criminal probe into its role in the spying case, declined to comment.

    ($1 = 0.9204 euros)

    (Reporting by Juliette Jabkhiro and Florence Loeve, writing by Mimosa Spencer; editing by Dominique Patton, Aidan Lewis)

    Key Takeaways

    • •Bernard Squarcini found guilty of aiding LVMH.
    • •Squarcini used public resources for LVMH's benefit.
    • •Illegal surveillance of Francois Ruffin involved.
    • •Squarcini sentenced to four years, fined 200,000 euros.
    • •LVMH settled a related criminal probe in 2021.

    Frequently Asked Questions about France's former spy chief found guilty of using public resources to aid LVMH

    1What is the main topic?

    The conviction of France's former spy chief Bernard Squarcini for using public resources to benefit LVMH.

    2Who is Bernard Squarcini?

    Bernard Squarcini is the former head of France's domestic security services, convicted for aiding LVMH.

    3What was the outcome of the trial?

    Squarcini received a four-year sentence with two years suspended and a 200,000 euro fine.

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