Luxury goods group LVMH to pay 10m euros over spying activities

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French luxury goods group LVMH, whose wayward security service led by former domestic intelligence chief Bernard Squarcini was revealed to have spied on companies and people, including a leftwing documentary maker whose film was sharply critical of LVMH boss Bernard Arnault, has reached a 10 million-euro settlement with Paris prosecutors which effectively ends further legal action against it.

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The French luxury behemoth LVMH will pay 10 million euros ($11.3 million) to settle claims that it hired France's former domestic intelligence chief to spy on private citizens, in particular on a filmmaker who made a widely popular documentary targeting the group's CEO, reports FRANCE 24.