The United States Monday sought the forfeiture of a $300 million superyacht it says is controlled by billionaire Russian oligarch Suleiman Kerimov, who is under U.S. sanctions.
Authorities in Fiji seized the 348-foot Amadea yacht pursuant to a U.S. warrant in May 2022 as Washington ramped up sanctions enforcement against people close to Russian President Vladimir Putin, to pressure Moscow to halt its war against Ukraine.
Monday's complaint, filed in federal court in Manhattan, kicks off a potentially long judicial process in which the United States would seek ownership of the yacht, which is docked in San Diego, and then likely auction it and transfer proceeds to Ukraine.He amassed much of his wealth through a stake in Russian gold producer Polyus. Kerimov was sanctioned by the U.S. Treasury Department in 2014 and 2018 in response to Russia's activities in Syria and Ukraine.
Lawyers for the Amadea's owner, Millemarin Investments, told a Fiji court last year that the Amadea was owned not by Kerimov but by former Rosneft chief Eduard Khudainatov, a Russian oligarch who has not been sanctioned.U.S. prosecutors said a Sept.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Justice Department and Russian Billionaire Battle Over Seized SuperyachtDOJ confiscated the 348-foot Amadea as an asset of a sanctioned oligarch; now as it seeks its forfeiture, another billionaire says it is really his
Read more »
Roche to Buy Bowel-Disease Drug From Roivant, Pfizer for More Than $7 BillionSwiss pharmaceutical giant seeks to bolster pipeline
Read more »
Semmes man seeks delay in COVID fraud trial; two co-defendants set to plead guiltyA Semmes man has asked a judge to postpone his federal fraud trial as two alleged members of a conspiracy is he accused of directing from prison prepare to plead guilty.
Read more »
US seeks delay of Israeli ground incursion for more time for hostage talksThe Biden administration has pressed Israel to delay its imminent invasion of Gaza to allow for the release of more hostages held by Hamas and for aid to reach Gaza, according to two sources briefed on the discussions.
Read more »
Denver seeks dismissal of Marlon Wayans' luggage dispute caseDenver prosecutors asked a judge on Friday to dismiss a case against Marlon Wayans stemming from a luggage dispute with an airline employee who the actor and comedian said targeted him because of his race.
Read more »
Foster organization Kids to Love seeks resolution in dispute with DHR“I asked [DHR Commissioner Nancy Buckner] if she would clarify and there was no response.'
Read more »