Oleg Tinkov pays £20 million bail as he fights US extradition

The former Tinkoff-Saxo owner is accused of filing a false tax return

Oleg Tinkov (Olga Maltseva/AFP via Getty Images)

(Image credit: AFP via Getty Images)

Former Tinkoff-Saxo owner Oleg Tinkov has paid £20 million to avoid jail as he fights extradition to the US.

The 52-year-old appeared in Westminster magistrates last week after a provisional warrant for his arrest was issued by American prosecutors. The Russian is accused of filing a false tax return on which he under-reported his income in 2013.

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Hi. I'm Cycling Weekly's Weekend Editor. I like writing offbeat features and eating too much bread when working out on the road at bike races.

Before joining Cycling Weekly I worked at The Tab and I've also written for Vice, Time Out, and worked freelance for The Telegraph (I know, but I needed the money at the time so let me live).

I also worked for ITV Cycling between 2011-2018 on their Tour de France and Vuelta a España coverage. Sometimes I'd be helping the producers make the programme and other times I'd be getting the lunches. Just in case you were wondering - Phil Liggett and Paul Sherwen had the same ham sandwich every day, it was great.