A Paris court ruled Monday that Swiss "king of freeports" and art dealer Yves Bouvier, 52, must pay a bail sum of $30 million for the "concealed theft" of Picasso works that he sold to Russian billionaire Dmitri Rybolovlev in 2013. Bouvier denies any wrongdoing.

Picasso's gouache paintings 'Woman's Head', 'Woman with a Fan' and 58 drawings that Bouvier sold to the Russian collector were the property of Picasso's step-daughter, Catherine Hutin-Blay, 68.

Hutin-Blay claims she did not sell the Picassos and thought they were in storage near Paris until a Brazilian art restorer sounded the alarm on the works' new ownership. She says no payment was received for the sales.

Bouvier's bail sum was set at the amount that Rybolovlev's family trust paid for the Picasso paintings.

Bouvier contends that he acquired the Picassos at his Swiss freeport (storage vault) from another art dealer who represented Hutin-Blay's trust. That art dealer has not been publicly named in the case. Olivier Thomas was previously detained for questioning.

In August, Bouvier's assets were frozen (and since freed) after Rybolovlev accused him of money laundering and fraud for grossly inflating the prices of 38 artworks. A separate legal battle between the pair is ongoing over about $2-billion worth of artworks by the likes of Leonardo da Vinci, Rothko, Gauguin, Matisse, and Rodin.