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Russian Tycoon Under Detention in France for Alleged Money Laundering

Marian RomainebyMarian Romaine
October 31, 2023
in News
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Russian Tycoon Under Detention in France for Alleged Money Laundering
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The French Financial Prosecutors’ office confirmed on Tuesday that Russian oligarch Alexey Kuzmichev had been detained for questioning in France over accusations of tax evasion, money laundering, and breaches of international sanctions. The investigation included searches conducted on Monday at Kuzmichev’s residence in Paris and in the Mediterranean Var region, as reported by French daily Le Monde.

While Kuzmichev remained under detention on Tuesday, he has not yet faced any charges in connection with the case. Last year, French customs agents seized the oligarch’s 27-meter yacht “La Petite Ourse,” leading to a legal dispute between Kuzmichev and the authorities. Notably, Kuzmichev is known as one of the principal shareholders of Russia’s Alfa Bank.

Tags: French Financial Prosecutors' office confirmed on Tuesday that Russian oligarch Alexey Kuzmichev had been detained for questioning in France over accusations of tax evasion
Marian Romaine

Marian Romaine

Marian Romaine is a seasoned content writer with a passion for translating complex technological concepts into accessible and engaging content.She is dedicated to creating engaging and informative content aiming to enhance both reader engagement and search engine visibility. Her writing combines a deep understanding of the subject matter with a talent for crafting clear, concise, and informative pieces.With 3 years of industry experience, her expertise includes crafting blog posts, articles, social media content, and website copy.

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