A French court rejected an appeal from the Ukrainian government and ruled that Ukrainian billionaire Kostyantyn Zhevago shouldn't be extradited over accusations of embezzlement, a court spokesperson said on November 10. Zhevago, who controls London-listed iron pellet producer Ferrexpo, was arrested at a French ski resort in December 2022 at the request of Ukraine, which wants him for alleged embezzlement involving a now-collapsed bank. Zhevago has denied any wrongdoing. "[The court] concludes that the petitioning state is unable to guarantee that Mr. Zhevago will be tried by a court that can ensure fundamental procedural guarantees and protection of the defense rights," a court verdict read.
French Court Rejects Appeal To Extradite Ukrainian Billionaire Zhevago
Ukrainian billionaire Kostyantyn Zhevago is wanted by Ukraine for alleged embezzlement involving a now-collapsed bank. (file photo)