Searches UBS for Alisher Usmanov

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Alischer UsmanowUBS raid – German investigators target Putin oligarch

Branches of the large Swiss bank UBS were searched in Frankfurt and Munich. And that’s because of suspicions of money laundering against Russian oligarch Alisher Usmanov.

The investigation into Russian oligarch Alisher Usmanov on suspicion of money laundering is spreading. On Tuesday, investigators searched locations of the major Swiss bank UBS in Frankfurt and Munich.

“We confirm that prosecutors are currently searching the premises of the UBS Europe SE branches in Frankfurt and Munich. We are fully cooperating with the authorities and ask for your understanding that we cannot comment further on the matter at the moment,” said the spokeswoman of the money house upon request. “Spiegel Online” previously reported.

The Frankfurt Public Prosecutor’s Office confirmed the investigation of a large bank on suspicion of money laundering by a customer of the institution. There is no investigation against the bank itself or the employees of the money house. The search serves to secure evidence. At the end of September, a villa by Lake Tegernsee was already searched, and later a luxury yacht was arrested near Bremen.

According to earlier investigators, Usmanov is suspected of having initiated several transactions between 2017 and 2022 to conceal the origin of the funds. There is a suspicion that the transferred funds came from criminal activities, especially tax evasion crimes. According to earlier information, the volume of money smuggling is supposed to be in the tens of millions.

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