U.S. has seized $325 million yacht owned by sanctioned oligarch Suleiman Kerimov

U.S. has seized $325 million yacht owned by sanctioned oligarch Suleiman Kerimov
·2 min read

A superyacht that American authorities say is owned by a Russian oligarch previously sanctioned for alleged money laundering has been seized by law enforcement in Fiji, the U.S. Justice Department announced Thursday. A judge in Fiji earlier in the week permitted U.S. authorities to seize the yacht Amadea — worth $325 million — but also put his order temporarily on hold while defense lawyers mounted a challenge. The Justice Department said authorities in Fiji, acting at the request of the United States, have now served a search warrant freezing the yacht, which had earlier been prevented from leaving the South Pacific nation.