OREANDA-NEWS. Russian businessman Oleg Tinkov paid £ 20 million as collateral for a trial in the UK with the US tax office, according to the British media. The newspaper does not disclose the source of information.

According to the publication, this is one of the largest amounts paid as collateral. It's indicated that until the next trial in the court of Westminster, Tinkov will be under constant monitoring, and from 19:00 to 7:00 should not leave the apartment in the London area of ​​Kensington. He must also pass all his passports and report to the police three times a week.

The media writes that Tinkov, who had an American passport a few years ago, paid the wrong amount of taxes, and in 2013 reported false information about his income to the American authorities. Amid reports of claims against the businessman, shares of TCS Group Holding PLC registered in Cyprus in London fell by more than 11% on Friday. The company's market capitalization dropped to $ 4.64 billion.

The fact that Tinkov ceased to be a U.S. citizen is said in a statement by the U.S. tax service for October 2017. According to this report, the list includes persons whose loss of citizenship became known during the quarter ending March 31 of the same year.