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Courtroom in Fiji approves U.S. warrant to grab Russian-owned mega-yacht


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Court docket in Fiji approves U.S. warrant to grab Russian-owned mega-yacht
2022-05-06 21:00:18
#Court #Fiji #approves #warrant #seize #Russianowned #megayacht

Fiji's High Court on Tuesday ruled that a massive Russian-owned yacht might be seized by U.S. authorities.

American and Fijian officials claim the Cayman Islands-flagged Amadea is the property of Suleiman Kerimov, an oligarch who built his fortune on gold mining. Kerimov was sanctioned in March by america, United Kingdom and European Union in response to the Russian invasion of Ukraine. 

The super luxurious yacht Amadea, one of the largest yachts on the planet, is seen anchored in Turkey on February 18, 2020. Osman Uras/Anadolu Company through Getty Images

However an lawyer who represents Millemarin Investments, the company the $325 million ship is registered to, stated it is not owned by Kerimov. Instead, he argued in court docket that company paperwork traces the ship's possession to Eduard Khudainatov, a former executive at Russia's state-owned Rosneft oil company who has not been sanctioned. 

Kerimov and Khudainatov couldn't be reached for remark. The corporate intends to attraction Tuesday's choice.

The Amadea berthed in Fiji on April 13, in line with local reviews and the maritime analytics website Marine Visitors. Soon after, a federal judge permitted a warrant for the ship to be seized and on April 19, Fiji's high prosecutor moved to prevent the ship from leaving.

The Division of Justice couldn't immediately be reached for remark. 

On April 4, the company introduced that Spanish authorities had assisted it in seizing one other Russian yacht, the $90 million Tango, which was owned by Viktor Vekselberg, the owner of the Russian conglomerate Renova Group.

Legislation handed by the House of Representatives on April 27 would permit the U.S. to sell the yacht and other properties price more than $2 million seized from Russian oligarchs as a way to fund the Ukrainian struggle effort. President Joe Biden helps the bill, which has yet to move the Senate.

"We'll seize their yachts, their luxury homes and different ill-begotten good points," Biden mentioned on April 28 on the White Home.

More Graham Kates
Quelle: www.cbsnews.com

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