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AS Monaco president reappears in Moscow after corruption-linked investigation

IANS  |  Moscow 

The of the football club AS reappeared here on Saturday, a few days after being charged in a corruption case by the principality's police.

Russian billionaire Dmitry Rybolovlev, who has owned AS since December 2011, was arrested on November 6 and conditionally released on the following day after being questioned within an investigation into alleged corruption and influence peddling regarding a dispute with Yves Bouvier, reports

A for Rybolovlev told Russian media that the billionaire was now in and had not been banned from leaving

The declined to comment on how long Rybolovlev would stay in the Russian capital and if he planned to return to Monaco.

On November 7, AS Monaco dismissed the accusations filed against its president, stressing that the club "firmly denies defamatory remarks" and insisted that Rybolovlev "did not withdraw one euro" from the accounts of the French club following the transfer of forward to Paris Saint-Germain.

French reported a few days ago that the case was still open and could yet lead to new charges, despite the Russian tycoon's release from custody.

The French club said that it was considering taking legal procedures to assert Rybolovlev's rights.

"Each season since his arrival, the club has regularly suffered financial losses. has, whenever necessary and in the interest of the club, played his role as shareholder and compensated for the deficits," the side said at the time in a press release on its official website

Despite the recent arrival of to replace Portuguese Leonardo Jardim, Monaco is still struggling after the team was eliminated from the current edition of and is presently in the relegation zone of the French standings.

--IANS

tri/bg

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, November 10 2018. 21:20 IST
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