Telegram’s hopes for a lucrative IPO within two years have been hit by the criminal charges brought against the messaging app’s chief executive, as the company’s bondholders suffer steep losses over the events of the last few days.
Pavel Durov faces a litany of preliminary charges in France over Telegram’s alleged failure to address criminality on the app, including one punishable by up to 10 years in prison.
The Russia-born billionaire, who is now a French-Emirati citizen, has been freed from custody on bail but is now barred from leaving France.
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