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Ex-wife of Russian billionaire arrested over 'stolen' €50m diamond

Elena Rybolovleva — whose ex-husband Dmitry owns AS Monaco — was arrested in Cyprus after the family issued a complaint that she had stolen the diamond ring.

Image: diamond ring via Shutterstock

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.

- © AFP, 2014

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