Police in France detained Russian billionaire Alexei Kuzmichev and carried out a dramatic raid involving 60 officers on two of the oligarch’s properties on Monday as they investigate allegations of tax avoidance, money laundering and violating sanctions.
Kuzmichev, a co-founder of the Alfa Group conglomerate in Russia and UK-based LetterOne, is being questioned by police and remained in custody on Monday night, according to a French judicial source.
Searches were carried out at his home in Paris and an estate in the Var region of southern France, the person added.
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