FILE PHOTO: Soccer Football - AS Monaco Training - La Turbie, France, March 29, 2018. Dmitry Rybolovlev of Russia, President of AS Monaco Football Club arrives to attend AS Monaco training.  REUTERS/Eric Gaillard/File Photo
Dmitry Rybolovlev President of AS Monaco Football Club bought a mansion off Donald Trump in 2008. REUTERS/Eric Gaillard/File Photo

Russian Billionaire owner of Monaco football club arrested



The Russian billionaire owner of Monaco football club was in custody on Tuesday, his lawyer confirmed, the latest twist in his legal battle with a Swiss art dealer who he claims cheated him of up to $1 billion and Sotheby's auctioneers.

Police officers also carried out a search on Tuesday morning of Dmitry Rybolovlev's luxury penthouse apartment in the principality, said a source close to the case.

Mr Rybolovlev's lawyer Herve Temine confirmed the latest developments, while stressing the principle of the presumption of innocence.

Mr Temine's colleague Thomas Giaccardi said the latest move came after the seizure and analysis of a mobile phone belonging to one of Mr Rybolovlev's lawyers, Tetiana Bersheda.

Since 2015, Mr Rybolovlev has been locked in a legal battle with Swiss art dealer Yves Bouvier, who he accuses of having swindled him out of up to a billion dollars, by charging inflated fees.

When Mr Rybolovlev's lawyer Ms Bersheda produced an audio recording from her mobile phone that she said supported his case, the investigating magistrate in the case ordered text messages from the same phone to be extracted.

_________

Read more

_________

That led to Monaco prosecutors opening a corruption investigation against Mr Rybolovlev in 2017.

His legal team has repeatedly argued that this analysis of the phone was a violation of the lawyer-client confidentiality. That issue is still being fought out in court, but some of the compromising text messages have already been leaked to the French press.

On October 2 this year, Rybolovlev opened a new front in his legal battle, launching a $380 million lawsuit against Sotheby's auction house through the New York courts.

In it, he accused the auction house of having helped Yves Bouvier, their art advisor, carry out "the largest art fraud in history" - at his expense.

Mr Rybolovlev says Mr Bouvier tricked him over the acquisition of 38 works of art he bought from him over a decade for more than $2.1 billion.

"He repeatedly and blatantly misrepresented the acquisition prices for the paintings," pocketing the difference himself, says the lawsuit.

Sotheby's has dismissed the lawsuit as "entirely without merit".

In November 2017, it filed its own lawsuit against Mr Rybolovlev in Switzerland and is seeking to have the action in New York dismissed.

DEADPOOL & WOLVERINE

Starring: Ryan Reynolds, Hugh Jackman, Emma Corrin

Director: Shawn Levy

Rating: 2.5/5

SPEC SHEET: APPLE M3 MACBOOK AIR (13")

Processor: Apple M3, 8-core CPU, up to 10-core CPU, 16-core Neural Engine

Display: 13.6-inch Liquid Retina, 2560 x 1664, 224ppi, 500 nits, True Tone, wide colour

Memory: 8/16/24GB

Storage: 256/512GB / 1/2TB

I/O: Thunderbolt 3/USB-4 (2), 3.5mm audio, Touch ID

Connectivity: Wi-Fi 6E, Bluetooth 5.3

Battery: 52.6Wh lithium-polymer, up to 18 hours, MagSafe charging

Camera: 1080p FaceTime HD

Video: Support for Apple ProRes, HDR with Dolby Vision, HDR10

Audio: 4-speaker system, wide stereo, support for Dolby Atmos, Spatial Audio and dynamic head tracking (with AirPods)

Colours: Midnight, silver, space grey, starlight

In the box: MacBook Air, 30W/35W dual-port/70w power adapter, USB-C-to-MagSafe cable, 2 Apple stickers

Price: From Dh4,599

COMPANY PROFILE

Company name: ASI (formerly DigestAI)

Started: 2017

Founders: Quddus Pativada

Based: Dubai, UAE

Industry: Artificial intelligence, education technology

Funding: $3 million-plus

Investors: GSV Ventures, Character, Mark Cuban

Naga

Director: Meshal Al Jaser

Starring: Adwa Bader, Yazeed Almajyul, Khalid Bin Shaddad

Rating: 4/5

The biog

Title: General Practitioner with a speciality in cardiology

Previous jobs: Worked in well-known hospitals Jaslok and Breach Candy in Mumbai, India

Education: Medical degree from the Government Medical College in Nagpur

How it all began: opened his first clinic in Ajman in 1993

Family: a 90-year-old mother, wife and two daughters

Remembers a time when medicines from India were purchased per kilo

The specs

Engine: 2.0-litre four-cylinder turbo

Power: 178hp at 5,500rpm

Torque: 280Nm at 1,350-4,200rpm

Transmission: seven-speed dual-clutch auto

Price: from Dh209,000 

On sale: now


View from London

Your weekly update from the UK and Europe

      By signing up, I agree to The National's privacy policy
      View from London