Bernard Squarcini, known as 'le Squale,' is appealing a verdict that includes a two-year prison sentence served with an electronic tag and a €200,000 fine. During Squarcini's trial, LVMH's chief Bernard Arnault testified yet denied knowing about any protective schemes for the luxury brand. The trial revolved around actions taken when Squarcini headed France's DCRI security service and allegations of misconduct involving private sector consulting for LVMH, including spying on individuals linked to a journalistic outlet.
LVMH chief Bernard Arnault testified during the trial but was never charged, denying any knowledge of a scheme to protect the luxury group.
Squarcini is expected to never set foot in prison with the two-year jail term to be served with an electronic tag, common for shorter sentences.
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