Russian tycoon a formal suspect in Monaco graft probe: prosecutor
Source: Reuters
WORLD NEWS NOVEMBER 7, 2018 / 12:24 PM / UPDATED 23 MINUTES AGO
Russian tycoon a formal suspect in Monaco graft probe: prosecutor
PARIS (Reuters) - A judge in Monaco has declared Russian billionaire Dmitry Rybolovlev a formal suspect in a probe into corruption and influence-peddling, the principalitys chief prosecutor said on Wednesday, after police questioned him for 24 hours.
The judge has been investigating for more than a year whether the fertilizer tycoon, who owns soccer club AS Monaco, sought to influence Monacos law enforcement officials in a long-running dispute with Swiss art dealer Yves Bouvier.
The Russian alleges Bouvier conned him out of $1 billion by inflating the price of 38 pieces of art he bought over a 10-year period. Rybolovlev is suing his former art adviser in Monaco, Singapore and Switzerland. Bouvier has denied wrongdoing.
He has been released subject to controls, prosecutor Sylvie Petit-Leclair told Reuters. Petit-Leclair said she had not yet been informed by the judge of what charges Rybolovlev would face if the case proceeded to trial.
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