{"id":8030,"date":"2025-12-30T14:24:35","date_gmt":"2025-12-30T14:24:35","guid":{"rendered":"https:\/\/microvibenews.com\/?p=8030"},"modified":"2025-12-30T14:24:35","modified_gmt":"2025-12-30T14:24:35","slug":"putin-ally-alisher-usmanov-agrees-to-pay-11-8-million-fine-to-resolve-german-federal-probe","status":"publish","type":"post","link":"https:\/\/microvibenews.com\/?p=8030","title":{"rendered":"Putin ally Alisher Usmanov agrees to pay $11.8 million fine to resolve German federal probe"},"content":{"rendered":"

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German prosecutors say they will drop an investigation of Russian oligarch Alisher Usmanov, a close ally of President Vladimir Putin, over possible\u00a0breaches of sanctions and money laundering\u00a0rules after he agreed to pay a 10 million euro (about $11.8 million) fine.<\/p>\n

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The Uzbekistan-born Russian billionaire and metals magnate, who was\u00a0reelected as the president\u00a0of the International Fencing Federation last year, has been facing European Union sanctions imposed after Russia\u2019s full-scale invasion of Ukraine in 2022.<\/p>\n

The Munich prosecutors office said Tuesday the probe of\u00a0Usmanov, which prompted police raids of dozens of properties in Germany linked to him three years ago, will be dropped upon receipt of payment of the fine.<\/p>\n

Some funds and assets linked to Usmanov had been frozen under the EU sanctions.<\/p>\n

Prosecutors said Usmanov was suspected of transferring about 1.5 million euros through foreign-based companies for management of two properties in the lakeside town of Rottach-Egern south of Munich, in the months after the sanctions were imposed.<\/p>\n

He was also alleged to have failed to declare valuables including jewelry, paintings and wines to authorities. Usmanov\u2019s defense team had challenged the allegations about his ties to the companies and valuables and the applicability of EU law in the case.<\/p>\n

The prosecutors said the discontinuation of the investigation upon payment of a fine was authorized under German criminal law.<\/p>\n<\/div>\n

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#Putin #ally #Alisher #Usmanov #agrees #pay #million #fine #resolve #German #federal #probe<\/p>\n","protected":false},"excerpt":{"rendered":"

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