Monaco court upholds case dismissal against art dealer accused of defrauding Russian oligarch
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Monaco courtroom upholds case dismissal against art dealer accused of defrauding Russian oligarch
REUTERS: A Monaco court on Midweek upheld an earlier ruling dismissing a case against a prominent art dealer accused past a Russian oligarch of fraud and coin laundering, lawyers for the fine art dealer said.
Monaco's appeals court in December ordered the closure of a preliminary investigation opened by local authorities into fine art dealer Yves Bouvier in 2022 in response to a complaint brought past Dmitry Rybolovlev.
Rybolovlev is the wealthy owner of Monaco's soccer squad, who in 2008 bought an oceanfront holding in Palm Embankment, Florida, from Donald Trump.
The Monaco Court of Revision confirmed the decision to cancel "all criminal proceedings confronting Swiss fine art dealer Yves Bouvier", Bouvier'south lawyers said in a statement.
However, Bouvier all the same faces criminal proceedings brought by Rybolovlev in Geneva, where he is also charged with fraud, abuse of trust and coin laundering, Rybolovlev's lawyers said.
Rybolovlev'south lawyers accept defendant Bouvier of telling the oligarch's family companies that he had negotiated a high price for artworks when "in fact he had already negotiated - for himself - a price much lower" than the payments he nerveless.
Bouvier's lawyers said that the fine art dealer has always respected the law and the binding nature of his contracts.
(Reporting by Maya Nikolaeva; Editing by Richard Lough, William Maclean)
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