Russian Billionaire Arrested for Tax Fraud and Violation of Sanctions: Latest News on Alexei Kuzmichev’s Case

2023-10-31 11:58:11

French police arrested Russian billionaire Alexei Kuzmichev, one of the co-founders of the Alfa group, which is in the crosshairs of the EU sanctions against Russia. Kuzmichev is under suspicion of tax fraud and violation of sanctionsaccording to sources close to the case.

The Russian oligarch was arrested late on Monday in Saint-Tropez, on the Côte d’Azur. Police carried out raids at several locations linked to the tycoon, including his Paris home.

The European Union included Kuzmichev on a list of Russian citizens subject to sanctions in March 2022, following the invasion of Ukraine by Moscow. According to the EU, Alfa Bank, in which Kuzmichev has a large stake, is one of the largest taxpayers in Russia, and the businessman himself is among the most influential people in that country, with close ties to the president. Vladimir Putin.

Kremlin spokesman Dmitry Peskov said: “What I understand is that this is a citizen of the Russian Federation, so we should receive information about his case through our diplomatic mission,” Peskov told reporters. And he added, “once we receive the information, and if the detainee so wishes, we will help, of course, to protect his rights as

Russian citizen.”

mn (afp, Archyde.com)

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