For individuals engaged in corruption, the luxury sector is an attractive vessel to launder illicit funds.
In summary
- Analysis for The Conversation by Dr Reza Tajaddini, Senior Lecturer in Finance, and Dr Hassan F. Gholipour, Senior Lecturer in Economics, Swinburne University of Technology
There is disquiet about the French owners of the luxury brands Luis Vuitton, Christian Dior, Givenchy and Gucci giving a whopping €300 million to the rebuilding of Notre Dame Cathedral. Such largesse, critics say, could be better used for humanitarian causes.
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