A Russian tycoon behind a billion dollar art fraud suit arrested in Monaco


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POlice in Monaco on Tuesday arrested Russian tycoon Dmitry Rybolovlev, owner of France's leading football club, AS Monaco, for his interrogation as part of an investigation into corruption and corruption. the traffic of influence, newspaper The world reported.

The world The police also raided Mr. Rybolovlev's luxury residence, La Belle Epoque, in Monaco.

For more than a year, a Monaco judge has investigated whether Mr. Rybolovlev had attempted to influence Monaco law enforcement officials in his longstanding dispute with the merchant. Swiss art Yves Bouvier.

The Russians allege that Mr Bouvier has cheated him of a billion dollars (out of a total of 761 million pounds sterling) by charging him 38 works of art purchased in 10 years and is suing his former artistic advisor in Monaco, Singapore and Switzerland. Mr. Bouvier denied having committed a wrongdoing.

The Monaco prosecutor confirmed to Reuters an operation related to the investigation, but declined to say whether Rybolovlev was being questioned by the police.

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