Russian Tycoon to Face New Probe Over Billionaire Bay Villas
- Junalco prosecutors in Paris to look at daughter’s ownership
- New case stems from anti-money laundering body’s June report
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Russian billionaire Suleiman Kerimov, 56, and his family are set to face a fresh probe in France, with a new team of prosecutors examining how his daughter came to own several luxury villas on the Riviera, and who the ultimate beneficiary is.
A Paris prosecution unit in charge of tackling organized crime known as Junalco is leading the investigation into the financial flows that enabled the acquisition by Gulnara Kerimova, 32, of the companies that own the four villas on the “Billionaire Bay” at Cap d’Antibes, according to people familiar with the matter. The ownership of the villas was the subject of a money laundering case opened several years ago in Nice, in southeastern France.