Police in Monaco and neighbouring France were searching on Tuesday (all times local) for a man suspected of detonating a makeshift bomb in Monaco that wounded several people, a local official said, while French and Ukrainian media reported that a Ukrainian-born oligarch was the intended target.

Police hunt fugitive after a rare explosion wounds multimillionaire Vadym Yermolaiev and two others.

Two of the victims suffered life-threatening injuries, police said. One of the wounded is Ukrainian oligarch Vadym Yermolaiev, a source said.