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    Multi-millionaire owner of Nina Ricci fashion company jailed for trying to hide more than £15million from French taxman in HSBC Swiss accounts 

    Arlette Ricci (above), the multi-millionaire owner of Nina Ricci, was today sent to prison for trying to hide her fortune from the French taxman through HSBC

    The multi-millionaire owner of the Nina Ricci fashion company was today sent to prison for trying to hide her fortune from the French taxman through HSBC bank.

    Arlette Ricci, 74 and one of the richest women in Europe, was ‘particularly determined’ to stash money in Swiss accounts for more than two decades.

    A judgement handed down by a Paris criminal court added: ‘The seriousness of the facts are an exceptional threat to the public good.’

    Ricci had denied hiding the equivalent of more than £15million, saying she had simply tried to avoid tax – which is legal – rather than evade it, which is not.

    However, bugged phone conversations between the heiress and her daughter, Margot Vi