In France, the property of Russian businessmen worth 70 million euros was seized

14.10.2024 18:27

In France, the property of two Russian businessmen worth more than 70 million euros was seized.

The ruling was made by a Paris court as part of an investigation into possible money laundering.

The seized assets include luxury villas and cars on the Cote d'Azur, Le Monde reports, citing a source.

It turned out that the villas were purchased in 2012-2014. One of the estates is located in Grasse and occupies 22.5 hectares.

The investigation also found that the properties were financed by tax haven companies.

the police
Photo: © TUT NEWS

The deals were financed by loans from private companies registered in Cyprus and the British Virgin Islands.

The gendarmes conducted searches in notary offices and the homes of the accused.

As a result, a 22.5-hectare estate in Grasse, villas in Saint-Raphaël and Grimaud, as well as luxury cars were confiscated.

The French prosecutor's office suspects Russian businessmen of money laundering under aggravating circumstances.

Elena Gutyro Author: Elena Gutyro Editor of Internet resources