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1/12/07

Oberlin Times: Russian billionaire detained in France on a suspected prostitution ring - by Thierry Boinet

For the complete report in the Oberlin Times click on this link

Russian billionaire detained in France on a suspected prostitution ring - by Thierry Boinet

One of Russia‘s wealthiest men, billionaire Mikhail Prokhorov, was taken into custody by French police in a crackdown on a suspected prostitution ring at a swank Alpine ski resort, officials said Thursday. A total of 26 people were taken in for questioning Tuesday, Prosecutor Xavier Richaud said. As of Thursday, 15 — including Prokhorov — were still being held in the southeast city of Lyon, officials close to the investigation said. Some of the 15 could be placed under investigation — a step short of being charged — as early as Friday. They would face counts of "aggravated procuring in an organized band" and "criminal association," the sources said.

Prokhorov, the 41-year-old chief executive of a Russian mining giant, is ranked No. 89 on Forbes magazine‘s 2006 list of the world‘s richest people. He is worth $6.4 billion, according to Forbes, largely thanks to his holding in OAO Norilsk Nickel, the world‘s largest nickel producer, and Polyus Gold, Russia‘s biggest gold miner.

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