The heir to the Nina Ricci perfume and fashion fortune has been convicted of tax fraud by hiding millions in an offshore HSBC account.
The BBC reports a Parisian court has sentenced Arlette Ricci to a year in prison, plus given an additional two-year suspended sentence. Ricci was also ordered to pay a fine of €1m (£720,000), with two of her properties confiscated worth €4m.
Her daughter Margot Vignat was also convicted and handed an eight-month suspended sentence.
Ricci was also ordered to pay back tax owed for the period between 2007 and 2009, with the exact amount set at a later date.
Her lawyer said her sentence was “extremely severe”.
But telephone recordings cited in court suggested Ricci knew what she was doing was illegal.
The case is the first of around 50 French nationals to face trial over tax evasion using HSBC accounts. Ricci will now decide whether she want to appeal.
It follows after whistleblower Herve Falciani leaked documents of over 100,000 international HSBC. Up to 1,100 accounts were passed to HM Revenue & Customs, but have so far resulted in a single prosecution.