US officials are taking action
Russian gold magnate loses billion-dollar company
06/30/2022, 10:15 pm
Russian oligarch Kerimov is likely to lose his first place on the list of the world’s richest people: US authorities seized a billion-dollar company that served as a money-laundering facility. The Gold Chancellor has already broken free from his boat.
US Freezes Billions in Assets of a Russian Oligarch U.S. investigators have seized the Delaware-based Heritage Foundation belonging to Russian billionaire Suleiman Kerimov, the Treasury Department said. The company is valued at over a billion dollars.
Heritage Trust, founded in 2017, funneled money to the U.S. through shell companies and low-profile foundations set up in Europe, according to the Treasury Department. Kerimov has been on the US sanctions list since 2018 over allegations of money laundering and his ties to the Russian government.
Originally a billionaire from Dagestan, a Russian republic in the Caucasus. Richest people in the world On. Among other things, his family controls the gold producer Palius. The Bloomberg Billionaires Index lists Kerimo as the 127th richest person in the world with a net worth of $13.3 billion.
Boat repaired in Fiji
A few weeks ago, the US seized a 300 million euro yacht allegedly owned by Kerimo. Fijian authorities intercepted the vessel and handed it over to Washington at the request of the United States. Treasury Secretary Janet Yellen announced that sanctions against Russia would be enforced “even as Russian elites hide behind proxies and complex legal agreements.”
“Russian elites and oligarchs are probably the best in the world at hiding their wealth,” a senior official at the U.S. Treasury Department, which plays a leading role in enforcing sanctions, told the Washington Post. Exposed luxury yachts, villas and private jets are relatively easy to grab. However, climbing through company nests where real assets are hidden is complicated.
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