JPMorgan Behind Moves to Detain Russian Billionaire’s Superyacht
- Bank sought to enforce against Pumpyansky’s Axioma yacht
- Axioma was impounded in Gibraltar last week after court order
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JPMorgan Chase & Co., the biggest U.S. bank, is behind court moves to seize a superyacht owned by a sanctioned Russian billionaire in Gibraltar.
In one of the first public court actions by a bank to enforce on a debt against a sanctioned individual, JPMorgan won a court order authorizing Gibraltar’s port authority to detain the 73-meter (240-foot) yacht Axioma owned by Dmitry Pumpyansky.