Russian billionaire Oleg Tinkov gets £20million bail in UK while waiting on US ...

Russian billionaire businessman, 52, pays £20m bail to British court to avoid being locked up while he fight extradition to the US for tax fraud Oleg Tinkov, 52, appeared at Westminster Magistrates Court on Thursday  US prosecutors issued provisional arrest warrant and he paid £20m for bail  He is charged with making false tax return and under-reporting 2013 income  

By Lara Keay For Mailonline

Published: 10:34 GMT, 1 March 2020 | Updated: 10:35 GMT, 1 March 2020

A Russian billionaire paid a £20million bail charge to a British court so he can stay out of jail while battling extradition to the US to face tax fraud charges.

Oleg Tinkov, 52, appeared at Westminster Magistrates Court on Thursday after US prosecutors issued a provision arrest warrant. 

American officials have accused him of submitting a false tax return and under-reporting his income for 2013, charges he denies. 

Tinkov, who used to fund the Tinkoff Saxo cycling team, is battling US extradition. 

Magistrates set bail at £20million and imposed a strict curfew ahead of his next court appearance. 

Oleg Tinkov, 52, appeared at Westminster Magistrates Court on Thursday after US prosecutors issued a provision arrest warrant

Oleg Tinkov, 52, appeared at Westminster Magistrates Court on Thursday after US prosecutors issued a provision arrest warrant

Tinkov is pictured with his Estonian wife Rina in July 2017

Tinkov is pictured with his Estonian wife Rina in July 2017 

He will have to wear an electronic tag and stay at his Holland Park flat in west London from 7pm to 7am

read more from dailymail.....

Get the latest news delivered to your inbox

Follow us on social media networks

PREV Modern society 'so afraid of death' no one asks if coronavirus measures are ...
NEXT Half-mile tunnel filled with over 4,000 pounds of drugs found near San Diego