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German police raid yacht linked to Russian oligarch

KVIA

BERLIN (AP) — German prosecutors say more than 60 police officers raided a luxury yacht in northern Germany linked to a Russian businessman, in connection with alleged breaches of sanctions and money laundering rules. German weekly Der Spiegel identified him as oligarch Alisher Usmanov, a close ally of President Vladimir Putin. The raid comes the week after state and federal police searched 24 properties connected to Usmanov in the German states of Bavaria, Baden-Wuerttemberg, Hamburg and Schleswig-Holstein. A spokesman with the Frankfurt prosecutor’s office confirmed that Tuesday’s yacht raid was part of the same investigation.

Article Topic Follows: AP National Business

Associated Press

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