THE EX-WIFE OF Russian billionaire Dmitry Rybolovlev has been arrested in Cyprus on suspicion of stealing a diamond ring worth as much as €50 million.
Elena Rybolovleva, whose ex-husband is the owner of big-spending French football club AS Monaco, was later released without charge, police said.
The Rybolovlev family filed a complaint accusing the woman of stealing a valuable piece of jewellery that media reports said was worth between 25-50 million euros and belonged to a family trust fund.
She was detained on arrival at Larnaca airport from Switzerland on a private jet and later questioned at Limassol police station on the island’s southern coast before being released late yesterday.
A Cyprus police press officer told AFP that the investigation was continuing, but that so far there was no reason to keep the suspect in custody.
The couple — who wed in Cyprus and were married for 23 years — have been embroiled in a bitter dispute over the terms of their divorce since 2008.
Elena is claiming €2.5 billion of the tycoon’s estimated €6.5 billion fortune.
Rybolovlev was one of the many large Russian depositors in the Bank of Cyprus who suffered a 47.5 percent “haircut” on their savings of over €100,000 euros in last March’s international bailout of the financially troubled island.
The family trust fund had been set up for the benefit of the couple’s daughters, Katia and Anna.