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Ukraine announces arrest of oligarch in upscale French ski resort after accusing him of financial crimes

Dec 28, 2022, 22:21 IST
Business Insider
The ski resort Courchevel in Haute-Savoie, France.Gunter Fischer/Education Images/Universal Images Group via Getty Images
  • A Ukrainian oligarch was arrested in a French ski resort, Ukrainian law enforcement said Wednesday.
  • Officials said Konstantin Zhevago was detained in Courchevel, a famed Alpine ski destination.
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A Ukrainian oligarch was arrested at an elite French ski resort, Ukraine's State Bureau of Investigation (DBR) said.

French law enforcement detained Konstantin Zhevago in a hotel in the famed alpine ski resort of Courchevel on Tuesday, the agency said in a statement.

An DBR spokesperson said French police made the arrest after Ukraine asked for it, Interfax reported.

Zhevago is a former Ukrainian MP and used to have a major stake in the liquidated Finance & Credit Bank in Ukraine.

A press release announcing his arrested cited a slew of anti-financial crimes including embezzlement and money laundering.

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The DBR said in July 2021 that Zhevago had been put on a international wanted list on suspicion of embezzlement and money-laundering after $113 million disappeared from Finance & Credit Bank, Reuters reported.

The agency said that a vast swathe of Zhevago's assets had been seized, including shares worth of millions of dollars and dozens of properties.

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