Support independent journalism in Central & Eastern Europe.
Donate to TOL!

× Learn more
No, thanks Photo: Abbas Atilay
 
back  |  printBookmark and Share

Russian Billionaire Held in French Crime Probe

Kremlin vows to defend Suleiman Kerimov, a politician and successful speculator.
24 November 2017

Russian senator Suleiman Kerimov (pictured) is free on bail in France after being arrested in the city of Nice on Monday on suspicion of money laundering and tax fraud.

 

Kerimov, 51, whose family controls Polyus, Russia’s largest gold producer, was released Wednesday on a bail of 5 million euros. He was ordered to remain in the southeastern Alpes-Maritimes French region, The Moscow Times reported.

 

Kremlin spokesman Dmitry Peskov said Russia would make efforts to defend Kerimov, a member of the upper house of parliament, the Federation Council.

 

Both Kerimov and his representative in France have been placed under formal investigation, the Financial Times cited AFP as reporting.

 

Kerimov was apparently caught up in an investigation into the acquisition of several villas by shell companies linked to him.

 

Kerimov holds a diplomatic passport, but the French Foreign Ministry said it gave him immunity only while carrying out official duties and a judge would decide whether he is protected by diplomatic immunity in this case, The Moscow Times says.

 

 

  • Kerimov “built his lucrative natural resources business through a combination of debt, an appetite for risk, and political connections,” the Guardian writes.

 

  • His wealth, estimated at more than $17 billion in 2008, slumped to just $3 billion a year later as the financial crisis intensified. He is now worth about $6 billion, according to Forbes.

 

  • He has also invested widely in his native Dagestan and at one time owned the top-flight Russian football team Anzhi Makhachkala.

Compiled by Ky Krauthamer

back  |  printBookmark and Share

TOL PROMOTION

--  Announcement: Summer journalism program in Prague: 7 July 2018 – 22 July 2018

Super Early Bird discount! Save 520 USD, if paid before January 25, 2018

 

Testimonial

"The course was amazing! I did benefit a great deal and also learned a lot about foreign journalism. In addition, I really liked the combination of course in the morning and working on the field in the afternoon. Definitely would recommend this course to everybody who is interested in journalism or who is already working as a journalist."

Claire Micallef (Switzerland), Going on Assignment in Prague, July 2017


Not yet decided whether to join us for our July 2018 course? Don't hesitate!

Apply or check our website for more info

MULTIMEDIA PROJECTS

Moldovan diaries

The Moldovan Diaries is a multimedia, interactive examination of the country's ethnic, religious, social and political identities by Paolo Paterlini and Cesare De Giglio.

This innovative approach to story telling gives voice to ordinary people and takes the reader on the virtual trip across Moldovan rural and urban landscapes. 

It is a unique and intimate map of the nation.

RELATED ARTICLES

© Transitions Online 2017. All rights reserved. ISSN 1214-1615
Published by Transitions o.s., Baranova 33, 130 00 Prague 3, Czech Republic.