Russian Dmitry Rybolovlev has been detained for questioning by police in Monaco in connection with a corruption investigation. Mr Rybolovlev, who lives in the principality and owns Monaco FC football club, was taken into police custody on Tuesday.
The judge has been investigating for more than a year whether the fertilizer tycoon, who owns soccer club AS Monaco, sought to influence Monaco’s law enforcement officials in a long-running dispute with Swiss art dealer Yves Bouvier.
The Russian alleges Bouvier conned him out of $1 billion by inflating the price of 38 pieces of art he bought over a 10-year period. Rybolovlev is suing his former art adviser in Monaco, Singapore and Switzerland. Bouvier has denied wrongdoing.
Under Monaco's criminal system, which mirror France's, a suspect is placed under investigation by a magistrate, who then determines whether there is sufficient evidence to hold a trial.
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