The arrest of Telegram messenger's founder, Pavel Durov, in Paris could shake foreign investors' confidence in France, but their response will depend on how other key market players react.
Axar.az reports that French expert Jacques Sapir expressed this view.
"Regarding whether such a move will not scare away foreign investors, it’s worth watching the reaction of, for example, Elon Musk, head of X. President Emmanuel Macron has hosted him several times, but Musk appears to support Durov on social media openly. The expert believes that his behavior in the coming weeks could indicate potential investors' attitudes," the expert believes.
In his opinion, Paris' "arbitrary actions" may seriously concern the leadership of other major internet platforms, as Durov faces very serious charges, according to media reports.
"Being accused of administrative violations is one thing; being accused of participation is another. This will affect France's reputation, especially its political standing, and will seriously damage its image as the country of Voltaire, a country of free speech," Sapir added.
It should be noted that Telegram's founder, Pavel Durov, was detained at France's Le Bourget airport. Durov could be charged with a series of crimes, including terrorism, drug trafficking, fraud, money laundering, and handling stolen goods. It should also be noted that in February 2021, Durov obtained citizenship of the United Arab Emirates, and in August, he acquired French citizenship.
Source: en.axar.az
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