Ferrexpo Owner Zhevago Detained in French Alps
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Kostyantin Zhevago, the billionaire owner of Ukrainian iron producer Ferrexpo Plc, was detained in France on suspicion of money laundering and embezzling funds linked to his banking business at home, investigators in Kyiv said.
Zhevago was held at a hotel in the luxury French ski resort Courchevel on Tuesday by French police, the Ukrainian State Bureau of Investigation said Wednesday in a statement on its website.