Federal authorities in the United States are seeking to compel sanctioned Russian billionaire Suleiman Kerimov to forfeit his $300 million superyacht. The move is the latest in a series of actions from the U.S. Justice Department’s task force, which targets assets such as yachts and planes tied to alleged illicit activities.
The 106-meter (348-foot) luxury vessel named Amadea was previously seized in Fiji last year based on a request from the U.S. government. Now, the Justice Department has asked a federal judge in New York to formally transfer ownership of the yacht. The government alleges that Kerimov violated sanctions by channeling hundreds of thousands of dollars through U.S. financial institutions, ostensibly for yacht-related expenses such as maintenance and fuel costs.
Further details about the proceedings can be found in the full Bloomberg Law report.