A court in the south of France seized property worth more than 70 million euros owned by two businessmen of Russian origin as part of an investigation into suspicions of money laundering, the Agence France-Presse learned today from a source close to the case.
This was previously reported by the French newspaper Mond.
A preliminary investigation opened in March at the initiative of the investigation department in Paris ended in September with the confiscation of a 22,5-hectare property in Grasse, and luxury villas in San Rafael and Grimaud, the same source said.
The investigation established a strong suspicion of concealment of the origin of the funds used to purchase those goods, the source said.
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