Russian billionaire Rybolovlev 'dismissed' Minister of Justice of Monaco

Russian billionaire Rybolovlev 'dismissed' Minister of Justice of Monaco
Dmitry Rybolovlev and Prince of Monaco Albert II

He was forced to leave after reporting on his connections with the Russian oligarch.⁠

The lawsuit between Russian billionaire Dmitry Rybolovlev and Swiss seller of works of art Yves Bouvier led to the resignment of Ministry of Justice of Monaco Head Philippe Narmino from his post. He said that he has recently been attacked by the judiciary and accusations of interest in the process, which does not allow him to adequately take their side. This is written by RBC with reference to the publication of Le Point.

At the same time, the official statement of the Princely court of Monaco says that the current campaign in the media is aimed at breaking the normal course of justice and trying to discredit it.

Literally the day before the French Le Monde published material, telling about the friendship of Narmino and Rybolovlev. In particular, there is a story described how a monk official accompanied his wife in early 2015 visited the chalet of a Russian billionaire in the Swiss village of Gstaad.

The trial between Rybolovlev and art dealer Yves Bouvier began this year. The businessman accused Bouvier of unreasonably inflating the prices of paintings sold to him, which damaged him several hundred million euros. Later, local law enforcement officers brought Bouvier charge of fraud, as well as complicity in money laundering.

Co-owner of Uralkali and owner of the football club Monaco Dmitry Rybolovlev takes 15th place in the top 200 Russian rich people according to Forbes with a fortune of 7.3 billion dollars. He lives predominantly abroad; collects art objects and owns a number of paintings of the XIX-XX centuries, for the purchase of which he spent at least $2 billion. In his collection there are significant works by Rodin, Gauguin, Modigliani, Picasso and Matisse.

Last year, as part of the publication of the so-called Panama Papers, the was discovered an offshore company Xitrans Finance Ltd, which legally owned the canvases of Picasso, Modigliani, Van Gogh, Monet and Degas, as well as exclusive pieces of furniture. Journalists suggested that in this way the businessman tries to save them when sharing property with an ex-spouse. Rybolovlev then said that all the structures were created legally in 2002, i.e. long before the divorce.



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