The co-founder of Alfa Group, detained in France, was released on bail of eight million euros

Alfa Group co-founder Alexey Kuzmichev, previously detained in France on suspicion of money laundering and tax fraud, was released on bail of eight million euros. this . reports Le Monde

At the same time, Kuzmichev was prohibited from leaving France while the investigative actions are ongoing, and he will also be under judicial supervision. The prosecutor's office requested that the billionaire be taken into custody.

Kuzmichev was detained on Monday. French law enforcement officers conducted searches at his private mansion in Paris, as well as at his villa in Saint-Tropez.

According to Le Monde, the investigation into the Russian billionaire began in February this year. It was supported, among other things, by a report from the Bercy financial intelligence service made in the summer of 2022.

European authorities consider Kuzmichev “one of the most influential people in Russia” with ties to Russian President Vladimir Putin. The billionaire came under EU sanctions in mid-March 2022.

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