Russian billionaire Alexei Kuzmichev, detained in France, released on bail of 8 million euros
Alfa Group co-founder Alexey Kuzmichev , who was detained in France on suspicion of money laundering, has been released on bail of eight million euros, Le Monde reports, citing the country's financial prosecutor's office. The Russian billionaire was charged with aggravated tax fraud and money laundering. Kuzmichev was placed under judicial control and banned from leaving France. Kuzmichev's arrest became known on October 30.