US EditionGerman prosecutors to end probe of billionaire Usmanov upon payment of 10 mln euros
Alisher Usmanov will pay 10 million euros to close allegations of undeclared exports and a 1.5 million euro security payment, with funds going to Bavaria's treasury and prisoner welfare.
- On Dec 30, Munich prosecutors said Germany will drop an investigation into EU‑sanctioned Alisher Usmanov if he pays 10 million euros, which he agreed to pay in full to end the probe.
- The probe examined alleged breaches of sanctions and money‑laundering rules, including claims of undeclared valuables to Germany's export control office, BAFA, with Usmanov facing EU and U.S. sanctions.
- Records show about 1.5 million euros flowed through foreign firms for two properties in Rottach‑Egern, while prosecutors said 8.5 million euros will go to Bavaria's treasury and 1.5 million euros to Bavaria's state's association for prisoner welfare.
- Under German criminal law, discontinuation follows receipt of payment; prosecutors in Munich said the agreement's non-reopen clause prevents reopening, echoing a November 2024 similar case.
- Usmanov's lawyers said the payment is not a fine and closure saves time and resources, while Alisher Usmanov denies wrongdoing and remains under EU and U.S. sanctions with frozen assets.
30 Articles
30 Articles
The public prosecutor's office in Munich has closed a case against the Russian oligarch Usmanov against a fine.
Three years have been investigated in Munich against the Russian oligarch Usmanov. Now a second case against a million-dollar payment is also closed - due to "specificities of the present case".
Alistan Usmanov must pay ten million euros. He had been accused of violations of the foreign trade law and possible sanctions violations.
Rechtsanwälte Steinhöfel [Newsroom]Hamburg (ots) - The Public Prosecutor's Office Munich II has the investigation against the billionaire Alischer Usmanow for suspected two violations of the Foreign Trade Act (AWG) in connection with the sanction list of the regulation (EU) ... Read more...Original content of: Rechtsanwälte Steinhöfel, transmitted by news aktuell
Ottumwa Courier
abc NewsGerman prosecutors will drop investigation of Russian magnate Usmanov upon payment of $11M fine
German prosecutors say they'll drop an investigation of Russian oligarch Alisher Usmanov over possible breaches of sanctions and money laundering rules after he agreed to pay a 10 million euro (about $11.8 million) fine. The billionaire is a close ally…
Associated Press News
German prosecutors will drop investigation of Russian magnate Usmanov upon payment of $12M fine
German prosecutors say they'll drop an investigation of Russian oligarch Alisher Usmanov over possible breaches of sanctions and money laundering rules after he agreed to pay a 10 million euro (about $11.8 million) fine.
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