Investigation targets L'Oréal heiress Bettencourt's 'protector' over 143mln-euro deal she can't remember

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Magistrates investigating a suspected gigantic web of corruption spun around the financial affairs of L’Oréal heiress Liliane Bettencourt on Wednesday placed a lawyer in charge of her wealth investments under formal investigation for taking advantage of the 89 year-old matriarch’s diminished mental faculties. Pascal Wilhelm, appointed as a legal protector of Bettencourt’s financial interests, is the second of her wealth managers to be suspected of corruption. The case notably involves an investment he organised of 143 million euros of the matriarch’s private fortune in a company owned by reality TV show and online gambling entrepreneur Stéphane Courbit, which Bettencourt cannot remember making. Michel Deléan reports.

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Magistrates investigating a suspected gigantic web of corruption spun around the financial affairs of L’Oréal heiress Liliane Bettencourt on Wednesday placed a lawyer in charge of her wealth investments under formal investigation for taking advantage of the 89 year-old matriarch’s diminished mental faculties.