French court opposes extradition of Ukraine billionaire Zhevago

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March 30, 2023 6:18 AM EDT

Billionaire Kostyantyn Zhevago leaves the court of appeals, following Ukraine's request to extradite him, in Chambery, France, March 16, 2023. REUTERS/Pierre Albouy

PARIS (Reuters) -A French court has ruled Ukrainian billionaire Kostyantyn Zhevago should not be extradited over accusations of embezzlement, a spokesperson for Zhevago said on Thursday.

Zhevago, who controls London-listed iron pellet producer Ferrexpo, was arrested at a French ski resort in December at the request of Ukraine, which wants him over the disappearance of $113 million from the now bankrupt lender Finance & Credit Bank. Zhevago denies any wrong-doing.

Zhevago had been released on bail for 1 million euros ($1.1 million) following his initial arrest near Chambery in France.

Ukraine issued an arrest warrant for Zhevago - who served in the Ukrainian parliament from 1998 to 2019 - in 2019, with an international arrest warrant following in 2021.

($1 = 0.9206 euros)

(Reporting by Sudip Kar-Gupta; Editing by Frank Jack Daniel)


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