Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Reuters
Reuters
Business
Matthias Galante

AS Monaco club owner under investigation in inquiry over art dispute

Soccer Football - AS Monaco v Manchester City - UEFA Champions League Round of 16 Second Leg - Stade Louis II, Monaco - 15/3/17 Monaco president Dmitry Rybolovlev in the stands Reuters / Eric Gaillard Livepic

NICE, France (Reuters) - AS Monaco football club owner Dmitry Rybolovlev was put under investigation on Thursday over allegations of complicity in invasion of privacy linked to a dispute with an art dealer, the principality's top prosecutor told Reuters.

Being put under investigation in Monaco is not equivalent to being charged. It is the first step in an inquiry, in which judges inform the person in question of the allegations against them before questioning at a later stage.

FILE PHOTO: Dmitri Rybolovlev of Russia, President of AS Monaco Football Club, attends Monaco's Ligue 1 soccer match against Paris St Germain at Louis II stadium in Monaco March 1, 2015. REUTERS/Eric Gaillard/File Photo

The Russian billionaire said he had done nothing wrong and would cooperate fully with the judicial authorities.

"I am certain that the Monaco judicial system ... will clarify all this," he said in a statement emailed to Reuters.

The case is linked to an investigation into a dispute between Rybolovlev and Swiss art dealer Yves Bouvier. That dispute led to the resignation last month of the head of Monaco's judicial services after Le Monde daily wrote about connections between Rybolovlev and Monegasque justice officials. All those involved have denied wrongdoing.

FILE PHOTO: Football Soccer - Monaco v Nice - French Ligue 1 - Louis II Stadium, Monaco - 4/02/17 . Dmitry Rybolovlev of Russia, President of AS Monaco Football Club attends the match against Nice. REUTERS/Eric Gaillard/File Photo

The matter at stake in Thursday's move are allegations that a lawyer for Rybolovlev taped conversations linked to the broader investigation, prosecutor Jacques Doremieux said.

Rybolovlev, who has an estimated fortune of $7 billion (£5.3 billion) largely from his ownership of potash producer Uralkali, took over AS Monaco in 2011 and lives in the principality.

(Writing by Ingrid Melander; Editing by Luke Baker and Hugh Lawson)

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.