Geneva%20businessman%20Yves%20Bouvier%5C%27s%20free%20port%20under%20scrutiny%20after%20alleged%20giant%20art%20scam

A free port on the fringes of Geneva where billions of dollars of fine art is stored is under scrutiny for tax evasion and money laundering after a high-profile case involving a top Swiss dealer and a Russian billionaire. Behind its nondescript facade, the heavily-guarded toll- and customs-free zone that makes up the Geneva Freeports is storing a jaw-dropping number of priceless artworks, including Picassos, Van Goghs and Monets, and other precious goods. The area houses warehouses spread over 150,000 square metres (1.6 million square feet) — with nearly a quarter of that occupied by Natural LeCoultre, a firm that specialises in storing fine art. The firm’s owner, Geneva businessman Yves Bouvier, was arrested in Monaco in February after allegations that he laundered money and defrauded Russian billionaire Dmitry Rybolovlev, the owner of Monaco

Read More: Geneva businessman Yves Bouvier’s free port under scrutiny after alleged giant art scam