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Police raid villas tied to former Arsenal FC shareholder amid money-laundering probe

German police raided a villa on Lakeside that was tied to Russian-Uzbek Oligarch Alisher Usmanov to seize evidence tax evasion.

Following investigations into money laundering and violations of EU sanctions by Mr Usmanov, the raid was conducted Wednesday morning.

Over 250 officers raided a villa at Tegernsee in southeast Bavaria. They also raided several other properties belonging to the oligarchs in three states and Hamburg.

After the invasion of Ukraine Russia on 24 February 2011, the 69-year old was placed on the Western sanctions List.

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Forbes reports that the oligarch has a net worth $14.6bn (PS12.8bn).

He was an early Facebook investor and a shareholder in Arsenal football club. His wealth came from sports and mining.

According to the Frankfurt prosecutor general, raids were carried out on a Russian businessman who was suspected of using his “extensive” and complex network of corporations and companies to hide origins of transactions that occurred between 2017 and 2022.

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The transactions, that have not been named as Mr Usmanov’s, are believed to have added up to a multi-digit-million-euro sum, the prosecutor general added.

Image The property of Mr. Usmanov was raided with many others in Germany

According to the prosecutor, Usmanov could have paid a security company to inspect properties in Upper Bavaria. This would have violated the ban on using frozen funds as part of the sanction list.

Investigators are currently looking into the heads of the security firm and the guards.

According to the NDR broadcaster, a yacht measuring 156 metres in length, called the Dilbar, Mr Usmanov’s sister, was torn from Hamburg to Bremen overnight.

Sanctions are also being applied to the yacht worth half a million euros (PS458m).

Der Spiegel reported that Germany has already frozen assets worth at least 4.88 billion euros since the Russia-Ukraine conflict began.

German police continue to investigate the finances of Mr Usmanov.

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