Russian billionaire Oleksiy Kuzmychev, who is one of the co-founders of Alfa Group, was released from custody on bail of 8 million euros.
About this informs newspaper Le Monde.
The publication notes that Kuzmychev was detained by the French police on charges of money laundering and tax fraud. After two days of detention, the Russian oligarch appeared before the investigating judge of the financial department of the Paris court.
Despite the request of the prosecutor’s office to take him into custody, Kuzmychev walked out of the court free, with an obligation to pay bail in the amount of 8 million euros. He is forbidden to leave the borders of France.
The French police also searched the villa in Saint-Tropez, where Kuzmichev lived, and his private hotel in Paris. Forty police officers from Raid and BRI were involved in these operations and were responsible for the security of the premises.
The publication, citing its own sources, claims that the investigation into Kuzmychev began in February 2023. “The suspected fraud is related to the ownership of property in France and undeclared income,” a judicial source told Le Monde. This version was backed up by a report from Tracfin, Bercy’s financial intelligence arm, in the summer of 2022.
We will remind:
Russian billionaire submitted sued the French authorities in an attempt to regain access to two of his yachts, arguing that customs officials had no right to immobilize them despite being on the EU sanctions list.