The troubles continue for Alexei Kuzmitchev. After two days in police custody, the Russian oligarch was presented on Wednesday, November 1 to an investigating judge from the financial division of the Paris judicial court and indicted “on charges of laundering, aggravated tax fraud, the presumption of laundering and hidden work in an organized gang,” according to the National Financial Prosecutor’s Office (PNF). Despite the prosecutor's request for detention, he emerged free from the court, under judicial supervision, with the obligation to pay bail of 8 million euros. He is also prohibited from leaving France.
The police searched Monday morning the villa in Saint-Tropez (Var) where Alexei Kuzmitchev was and his private mansion in Paris. These operations mobilized forty elite police officers from the Raid and the BRI, responsible for securing the scene.
According to our information, the PNF investigation into tax fraud laundering began in February 2023. “The suspected fraud is linked to the holding of real estate assets in France and to undeclared income,” specifies a judicial source in Le Monde. This lead was fueled by a report from Tracfin, Bercy's financial intelligence service, during the summer of 2022.
