June 20, 2022
1 min read

$300 mn superyacht owned by oligarch seized 

The 106-meter (350-foot) yacht left Fiji’s Lautoka port last week after the Pacific island nation’s Supreme Court ruled the yacht should leave the country because it was costly for the government to maintain it….reports Asian Lite News

A superyacht seized in Fiji last month at the request of U.S. authorities, who say the $300 million Amadea is owned by sanctioned Russian oligarch Suleiman Kerimov, has arrived in Hawaii, Refinitiv Eikon vessel tracking data showed.

The US Justice Department’s KleptoCapture task force has focused on seizing yachts and other luxury assets of Russian oligarchs in a bid to pressure Russian President Vladimir Putin over the war in Ukraine.

The 106-meter (350-foot) yacht left Fiji’s Lautoka port last week after the Pacific island nation’s Supreme Court ruled the yacht should leave the country because it was costly for the government to maintain it.

Data from Refinitiv show the vessel moored in Honolulu on Thursday afternoon.

It had arrived in Fiji, where it was seized, on April 13 after an 18-day voyage from Mexico. The FBI said in an affidavit that the vessel turned off its automated information systems on Feb. 24, almost immediately after Russia invaded Ukraine, as part of an effort to avoid seizure.

Russia calls its actions in Ukraine a “special military operation.”

Lawyers for the Amadea’s owner, Cayman Islands-registered Millemarin Investment Ltd, told a Fiji court that the Amadea was not owned by Kerimov but by another Russian oligarch who has not been sanctioned, the former Rosneft chief Eduard Khudainatov.

The United States alleges Kerimov is the Amadea’s true beneficial owner, but much of the evidence in the April 13 seizure warrant is redacted in the version released to the public.

Kerimov was sanctioned by the United States in 2014 and 2018 in response to Russia’s actions in Syria and Ukraine. He has also been sanctioned by the European Union.

The Amadea previously sailed under the Cayman Islands flag, according to public shipping database Equasis. Eikon data showed it arrived in Hawaii flying the US flag.

ALSO READ: Russia-China ties on edge?

Previous Story

‘Recession not inevitable’

Next Story

One dead, several injured in Washington DC shooting

Latest from -Top News

India, US Step Up Trade Talks

The development comes in the backdrop of the new US ambassador Sergio Gor taking charge in the US embassy is New Delhi….reports Asian Lite News India and the United States are progressing

Lanka Marks Next Phase of Indian Housing Drive

Phases III and IV of the Indian Housing Project highlight India’s commitment to supporting and empowering Sri Lanka’s Indian-origin Tamil community….reports Asian Lite News Sri Lankan President Anura Kumara Dissanayake on Sunday

Hamas Frees Captives

The Israeli Air Force announced that it has completed its preparations to receive hostages returning from Gaza to Israel….reports Asian Lite News The Red Cross has taken custody of the first group

China’s Grab for Africa

China’s investments aim to strengthen its geopolitical influence and its high-tech manufacturing sector in Africa…reports Asian Lute News China is further consolidating its dominance in the rare earth elements sector by expanding
Go toTop

Don't Miss

Biden and Trump Clash on Interpretation of Capitol Riots

For Biden, the attack on the US Capitol epitomised why

NY governor Cuomo resigns over sexual harassment allegations

Some of the women had worked in his office and