Russian Tycoon Usmanov Pays €4 Million to Settle German Criminal Probe
- Frankfurt prosecutors end money-laundering investigation
- Usmanov makes no admission of guilt as part of settlement
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Sanctioned Russian billionaire Alisher Usmanov paid €4 million ($4.4 million) to settle a money laundering investigation by German prosecutors.
The criminal probe will be dropped after Usmanov pays €2.5 million to the government and €1.5 million to charities, Frankfurt prosecutors said in a statement on Monday. The alleged acts didn’t cause financial harm to anyone in Germany and occurred a long time ago, they said.