Kremlin comments on senator's detention in France

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Today, the Kremlin said Russian Federation will do its best to defend Kerimov's interests.

Russia's foreign ministry fired off a note of protest to France on Wednesday as French police extended Mr Kerimov's detention for another 24 hours.

Moscow summoned a senior French diplomat on Monday over the arrest of Russian oligarch and senator Suleyman Kerimov in Nice in connection to a tax evasion case.

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"The senator status and the fact that he is a Russian citizen is a guarantee that we will, of course, put in all possible efforts to defend his lawful interests", Kremlin spokesman Dmitry Peskov said on November 22.

Shares in Polyus fell more than 3 percent in early trade in Moscow on Wednesday but then recovered some ground to close down 1.25 percent.

The Russian foreign ministry has sent a note of protest to the French authorities arguing that as a high-ranking official Mr Kerimov has immunity from prosecution overseas, according to Konstantin Kosachyov, head of the foreign affairs committee in the upper house of parliament.

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Mr Kerimov's family controls Russia's largest gold producer, Polyus, and he has an estimated net worth of $6.3 billion (£4.7bn).

Kerimov bought Anzhi in 2011 and went on a massive investment spree before reining back his spending and selling the club past year.

Suleiman Kerimov, one of Russia's richest men, was arrested late on Monday night in Nice.

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A source said the investigation centres on the purchase of several luxury residences on the French Riviera via shell companies, something that would have enabled Kerimov to reduce taxes owed to the French State.