Telegram CEO Released on €5 Million Bail
A Paris court has issued a decision to prosecute Telegram CEO Pavel Durov, and banned the Russian billionaire from leaving France despite posting bail.
According to RT, on August 28, the Paris court issued a decision to prosecute Telegram CEO Pavel Durov on 6 charges, including allowing illegal transactions on an online platform, distributing child pornography, drug trafficking, money laundering, involvement in organized crime, and refusing to provide information to authorities.
The Paris judge emphasized that because prosecutors have grounds to officially investigate the case, Mr. Durov will be banned from leaving France and will be subject to judicial supervision. The Telegram CEO later paid €5 million bail to be released, but will have to appear at the police station twice a week.
Local media said the court's decision was to legitimize the investigation into the case. However, the case could be dropped if prosecutors fail to provide sufficient evidence. This is a big boost to Ton and Dogs's price today.
