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U.S. Warns Oligarchs of ‘No Hiding Place’ in Yacht Seizure

  • U.S. worked with Fiji authorities to seize Amadea megayact
  • U.S., allies have sanctioned Russia’s tycoons, seizing assets
Luxury yacht Amadea in Turkey in 2020. 
Luxury yacht Amadea in Turkey in 2020. Photographer: Osman Uras/Anadolu Agency/Getty Images
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The U.S. is seizing a $325 million megayacht it claims belongs to Russian billionaire Suleiman Kerimov for violations of U.S. laws including money laundering and conspiracy, as it issued a warning to other oligarchs that there’s “no hiding place” for their assets. 

Fiji’s High Court granted an order for the U.S. and local authorities to seize the luxury vessel May 3. On Friday, the court refused an application for a temporary stay of the seizure order, according to the country’s Office of the Director of Public Prosecutions. The yacht was turned over to U.S. authorities Thursday local time, it said.