NCA said forfeiture of cash belonging to Petr Aven was first time it has recovered, rather than frozen, sanctioned fundsA UK aide to one of Vladimir Putin’s “closest” oligarchs has agreed to forfeit more than £750,000 after a two-year investigation into sanctions dodging.Cash belonging to Petr Aven – a tycoon closely linked to Russia’s president for about three decades – had previously been frozen in 2022, shortly after the businessman was sanctioned by the UK for supporting the Kremlin in the wake of Russia’s invasion of Ukraine. Continue reading…
Source link : https://www.theguardian.com/world/article/2024/jul/29/billionaire-putin-ally-forfeits-750000-in-uk-sanctions-case
Author : Simon Goodley
Publish date : 2024-07-29 17:14:44
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Billionaire Putin ally forfeits £750,000 in UK sanctions case
