French court sets $47m bail bond for Kerimov Russian billionaire

French court sets $47m bail bond for Kerimov Russian billionaire An appeal court in southern France ordered billionaire Russian businessman Suleyman Kerimov to post bail of 40 million euros ($47 million) on Wednesday pending a tax fraud investigation. Kerimov, 51, also a senator in Russia, was arrested in late November in the city of Nice over suspected tax evasion related to the purchase of luxury properties on the French Riviera, provoking an angry reaction from Moscow. He posted bail of five million euros and handed over his passport after he…

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