By and  on December 18, 2008

PARIS — L’Oréal heiress Liliane Bettencourt has issued a statement following reports that she has given photographer François-Marie Banier gifts of some 1 billion euros, or $1.43 billion at current exchange, causing her daughter, Françoise Bettencourt Meyers, to lodge a complaint earlier this year, according to Agence France Presse wire service.

“Madame Liliane Bettencourt will not make any comment following recent articles appearing in the press,” stated her spokesman, according to AFP.

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