Russian businessman Oleg Tinkov has posted bail in London and will remain in the UK for court hearings on allegations of underreporting his income. The US Internal Revenue Service is reportedly seeking his extradition.
“The hearings are taking place in London in February-April 2020. The case concerns resolution of potential tax issues,” the parent company of the Tinkov-owned Tinkoff Bank said in a statement released on the London Stock Exchange on Monday.
While the note did not disclose any further details on the case, earlier reports claimed that the banker paid £20 million (US$25.5 million) bail after US prosecutors issued a provisional warrant for his arrest.
Tinkov is reportedly accused of filing a false tax return and under-reporting his 2013 income in the United States. According to his company’s statement, Tinkov has not been a US citizen for seven years.
RT has sent a request to confirm this information, but the Russian businessman’s official representative said that the group is not commenting on the issue at this time.