Billionaire Guy Laliberte is charged with possession and cultivation of narcotics, under French law, he faces 10 years in prison.

Laliberte has invested $110 million buying Nukutepipi and spent another $20 million in renovations and employes about 100 people on the island.

16 luxury villas, a cinema, an astronomical observatory and sports grounds.

He wants to rent it out for about $1 million a week.