Graphic montage of Arlette Ricci and HSBC logo
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Ricci fashion heiress convicted of tax fraud

The heir to the Nina Ricci perfume and fashion fortune has been convicted of tax fraud by a Paris court after hiding millions in an offshore HSBC account.

Arlette Ricci, 73, was sentenced to a year in prison and ordered to pay a €1 million (£720,000;$1.1m) fine.

Her lawyer, Jean-Marc Fedida, claimed his client had been made an example of, calling her sentence "extremely severe".

Ms Ricci has always denied any wrongdoing, as Hugh Schofield reports.

  • 13 Apr 2015
  • From the section Europe
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