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
-
Deputy Health Minister engages KATH, Kumasi South Hospital over maternal health challenges
1 hour -
Ghana Industry Leadership Awards celebrate business excellence and innovation
1 hour -
GNFS contains vehicle fire at Suhum Opra Mini Pub
2 hours -
NACOC warns youth against cannabis myths, says it can impair memory and decision-making
2 hours -
Luv FM High School Debate: OWASS and KOSS survive fierce Day 4 battles
2 hours -
NPP’s concerns over AG’s credibility to probe AKSA energy deal baseless – NDC
2 hours -
Retired Fire Officer granted GH¢350K bail over alleged enlistment scam
2 hours -
Farmer allegedly kills wife, dies by suicide in Bono Region
2 hours -
Trial during vacation: What does order 79 actually say?
2 hours -
Ghana’s 24-Hour Economy needs a new bank
2 hours -
Energy Minister orders encroachers on GRIDCo land to vacate or face action
3 hours -
Parts of Greater Accra to experience power cuts as GRIDCo repairs damaged transmission line
3 hours -
Energy Minister warns against activities under power pylons after tanker explosion
3 hours -
Ras Kuuku rules out politics over ‘too much hatred’
3 hours -
I sold pure water, rubber bags – Ras Kuuku recalls life before fame
3 hours