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France arrests Russian tycoon Kuzmichev in tax, sanctions probe

Alexey Kuzmichev Russia European Union France Alfa Police

Alexey Kuzmichev in Moscow in 2013. REUTERS - Sergei Karpukhin

French police have arrested Russian billionaire Alexei Kuzmichev, one of the co-founders of the Alfa Group who is targeted by EU sanctions, on suspicion of tax fraud and violating sanctions, according to reports in French news agency AFP.

Russian billionaire Alexei Kuzmichev was apprehended in the Riviera resort of Saint-Tropez.

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