May
2012
Friday, January 12, 2007
Gleb Bryanski, The Washington Post, 

French spoil party for Russia’s super-rich ski set

MOSCOW (Reuters) - Russia's rich and famous who invade the French ski resort of Courchevel each year for decadent parties may go elsewhere after local police investigating suspected prostitution held a Russian billionaire.

"It is one hundred percent certain there won't be such an influx of Russians after what happened," said a prominent Russian businessman, speaking on condition of anonymity, who has been a frequent visitor to Courchevel.

French police held Mikhail Prokhorov, co-owner of the world's biggest nickel producer with an estimated fortune of $7.6 billion, after he was detained with a group of young women in an upmarket Courchevel hotel on Tuesday.

He was released without charge on Friday but the case could spell the end of an annual phenomenon when Russia's super-rich and their entourages descend on the town in early January for two weeks of drinking, parties, extravagant spending and -- if there is any time left over -- a spot of skiing.
Posted by Tracey on 01/12/07 at 09:50 AM •  (0) Comments

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