Kremlin Rallies to Defend Billionaire Kerimov, Held in France for Fraud

Trevor Jackson
November 24, 2017

Kerimov, 51, spent a second night Tuesday at a police station in the southern resort city, where he was arrested on arrival at the airport on Monday night, legal sources said.

The judge decided that Kerimov could be released from detenion but had to turn in his passport and could not leave the Alpes-Maritime county Nice is in.

Russian Federation summoned a French diplomat in Moscow to protest about his detention but he has since been released under strict conditions.

"We will do everything in our power to protect his lawful interests", Kremlin spokesman Dmitry Peskov told a conference call with reporters.

The Kremlin has vowed to defend billionaire senator Suleiman Kerimov, arrested on suspicion of money laundering and tax fraud in France.

Mr Kerimov's family controls Russia's largest gold producer, Polyus, and he has an estimated net worth of $6.3 billion (£4.7bn).

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The Swiss businessman said he would win the case, RBC reported.

But after losing a significant part of his fortune, he sold most of his shares in the club.

Kerimov was once a member of the ultra-nationalist party Liberal Democratic Party, which he left in 2007 to join the ruling United Russia party.

A representative for Kerimov in the upper house of Russia's parliament, where he sits as a lawmaker, declined to comment on the case on Wednesday when contacted by Reuters.

In 2006, he crashed his Ferrari while speeding along Nice's seafront, sustaining severe burns.

Other reports by TheDailyFarc

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