Police in France have arrested Russian billionaire Aleksei Kuzmichyov, one of the founders of Russian financial firm Alfa Group, for alleged tax fraud. A source from the French financial police told RFE/RL in an e-mail that Kuzmichyov was taken into custody on October 30 and remained in detention as of October 31. The source said several searches were conducted in relation to the case, including of Kuzmichyov's Paris home. The investigation is looking into charges of laundering, tax fraud, and violation of international sanctions. Kuzmichyov is currently under EU and U.S. sanctions. To read the original story by RFE/RL's Russian Service, click here.
