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Russian oligarch's yacht seized in Fiji on US request / Photo: Leon LORD - FIJI SUN/AFP
NYSE - LSE
Russian oligarch's yacht seized in Fiji on US request
Authorities in Fiji have seized the $300 million yacht of Russian oligarch Suleiman Kerimov after the US Justice Department requested the vessel be held for violating sanctions and for alleged ties to corruption, the department said Thursday.
The five-year-old, 348-foot (106 meter) "Amadea" was berthed in Lautoka, Fiji in the South Pacific when local authorities took control of it based on a US warrant and a Justice Department request.
"The Amadea is subject to forfeiture based on probable cause of violations of US law, including the International Emergency Economic Powers Act, money laundering and conspiracy," the department said in a statement.
Kerimov is among a group of Russian oligarchs "who profit from the Russian government through corruption and its malign activity around the globe, including the occupation of Crimea," the department said.
The United States has imposed sanctions on Russian oligarchs close to President Vladimir Putin as part of a wave of economic punishment for the invasion of Ukraine.
Kerimov, who has made a fortune as part owner of major Russian energy and financial companies including Gazprom and Sberbank, is also an official of the Russian government and a member of the Russian Federation Counsel, it said.
"There is no hiding place for the assets of criminals who enable the Russian regime," US Attorney General Merrick Garland said in a statement.
"The Justice Department will be relentless in our efforts to hold accountable those who facilitate the death and destruction we are witnessing in Ukraine," Garland said.
(L.Kaufmann--BBZ)
