Audio By Carbonatix
Russian billionaire Roman Abramovich has had $7bn (£5.4bn) of assets linked to him frozen by a Jersey court.
On Tuesday, Jersey Police searched premises suspected to be connected to Mr Abramovich's business activities on the island, Jersey Law Officers' Department said.
The billionaire is on the UK sanctions list over Russia's war in Ukraine.
Channel Island Jersey follows UK policy and imposes sanctions on the same people.
"The Royal Court also imposed a formal freezing order on 12 April, known as a saisie judiciaire, over assets understood to be valued in excess of US$7bn which are suspected to be connected to Mr Abramovich and which are either located in Jersey or owned by Jersey incorporated entities," the Jersey Law Officers' Department said.
Mr Abramovich was among several wealthy Russians added last month to the UK and European Union sanctions lists over Russia's invasion of Ukraine, and governments have since been taking action to seize yachts and other luxury assets from them.
The billionaire tried to sell Chelsea Football Club in March, but that process was taken out of his hands by the government after he was sanctioned.
Earlier this month, the Caribbean nation Antigua and Barbuda said it was willing to help the UK seize yachts owned by Abramovich.
Superyachts linked to the businessman, together worth an estimated $1.2bn, have also been docked in southwest Turkey, outside the jurisdiction of the EU and the UK.
Latest Stories
-
Cape Coast Sea Defence Project: We can’t go beyond completion timeline – Ken Adjei
8 minutes -
‘A Tax For Galamsey’: Security operatives aware, part of taskforce – Amansie Central Presiding Member
11 minutes -
John Awuah: Where are the CSOs in the galamsey fight?
15 minutes -
KATH compelled to detain patients over medical bills, complains of costs and resource burdens
36 minutes -
Gov’t begins construction of CATH Lab at KATH to curtail surging heart conditions
49 minutes -
High Court dismisses Gifty Oware’s application for Supreme Court referral
49 minutes -
Education Minister proposes ‘Our Day’ cultural wear in schools after Mahama’s fugu buzz
53 minutes -
Women’s FA Cup: Hasaacas draw Ampem Darkoa Ladies in quarterfinals as Jonina face Supreme Ladies
1 hour -
Ghana’s food insecurity hits 38.1% as over 13m people face hunger risks- GSS
1 hour -
Ghana holds strategic talks with Afreximbank on minerals sector development
1 hour -
Cost of Azumah Nelson Sports Complex to be revealed after audit – NYA CEO
1 hour -
Tetteh Quarshie Memorial Hospital records milestone with first dialysis procedure after 64 years
1 hour -
Cape Coast Phase II Sea Defence project advances to protect coastal communities
1 hour -
Macron urges Europe to start acting like world power
1 hour -
Why Ghana should declare February 4 National Fugu Day
1 hour
