Monaco court upholds case dismissal against art dealer accused of defrauding Russian oligarch
09 Jul 2020

A Monaco court on Wednesday upheld an earlier ruling dismissing a case against a prominent art dealer accused by a Russian oligarch of fraud and money laundering, lawyers for the art dealer said.

Monaco’s appeals court in December ordered the closure of a preliminary investigation opened by local authorities into art dealer Yves Bouvier in 2016 in response to a complaint brought by Dmitry Rybolovlev.

Rybolovlev is the wealthy owner of Monaco’s soccer team, who in 2008 bought an oceanfront property in Palm Beach, Florida, from Donald Trump.

The Monaco Court of Revision confirmed the decision to cancel “all criminal proceedings against Swiss art dealer Yves Bouvier”, Bouvier’s lawyers said in a statement.

However, Bouvier still faces criminal proceedings brought by Rybolovlev in Geneva, where he is also charged with fraud, abuse of trust and money laundering, Rybolovlev’s lawyers said.

By Maya Nikolaeva, Reuters, 8 July 2020

Read more at Reuters

Photo (cropped and edited): Hpetit21 / CC-BY-SA-4.0

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