Russian billionaire under investigation in France

Jerome Frank
November 24, 2017

Kerimov sold Anzhi past year.

Russian billionaire and lawmaker Suleiman Kerimov has been placed under formal investigation by a judge in Nice on suspicion of tax fraud in France, local media reported on Thursday. Thursday, November 23, the court chose to release Karimov, if he will pay the bail of five million euros.

Kerimov was detained upon arrival at the airport on Monday, where he faced two days of questioning over alleged tax evasion involving the purchase of luxury properties.

"The senator status and the fact that he is a Russian citizen is a guarantee that we will, of course, put in all possible efforts to defend his lawful interests", Kremlin spokesman Dmitry Peskov said on November 22.

Businessman Alexander Stuhldhalter said there was pressure exerted on Senator Suleiman Kerimov by the French authorities.

Scotland Yard Investigating New Sexual Assault Allegation Against Kevin Spacey
He has denied allegations of assault, but said he is now seeking "evaluation and treatment" of his behavior. In a statement released today, authorities said that another allegation had been made to them on Friday.

Two reasons why Barcelona are split over signing £20m Arsenal superstar
The star duo's contracts expire at the end of the season and Gunners chiefs are scrambling tie them down on new deals .

Trump finally responds to Roy Moore allegations: "He totally denies it"
While Speier did not say that he should have resigned, she did suggest that his accusers should have been treated differently. Several allegations of sexual misconduct surfaced during the 2016 presidential campaign against Trump, who has denied them.

Shares in Polyus, Russia's biggest gold producer which is controlled by Kerimov's family, fell on the news of his detention.

The source added Kerimov would be held in custody for at least another 24 hours.

The controversial 51-year-old oligarch, who made a fortune by investing in struggling companies, represents the Caucasian Republic of Dagestan — where he was born — in the Council of the Russian Federation, the upper house of Parliament.

If charged and convicted, Kerimov, who is worth an estimated $7.4 billion according to Forbes magazine, might face up to 10 years in prison.

Other reports by Guamnewswatch

Discuss This Article