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
-
At least 11 dead in mass shooting at house party in South Africa
14 minutes -
MoMo Fintech Lab attracts close to 1K entries from innovators across, applications end on Sept 30
25 minutes -
Black Stars face Ivorian test as injuries force major squad changes
39 minutes -
Save Nations Foundation donates learning materials to Nooria Islamic Basic School, calls for more support
46 minutes -
From selling food to solving problems: How Esther Owusu Nkwantabisah rethought entrepreneurship
1 hour -
Explained: Ghana’s water plant deal that produced a $235m judgment debt instead of water for 500,000 people
1 hour -
High Cost of Domestic Airline Fares: Can government do something about it?
1 hour -
Inflation, cedi depreciation put BoG’s MPC under pressure as policy rate decision looms
2 hours -
Lawyer denies Salomey Baffoe received money from ‘Ghana Jollof’ account operator
2 hours -
Beyond politics: Why Kwame Nkrumah’s ideals still matter for today’s leaders
2 hours -
Top South African policeman charged with sexual offences
2 hours -
More than 170,000 respiratory cases recorded in haze-choked Indonesia
2 hours -
Narrowed space, intolerance – Sammy Crabbe says NPP is driving talented members away
2 hours -
We’re not analytical enough – Sammy Crabbe calls for data-driven decision-making
3 hours -
Tonto Dikeh celebrates Bobrisky as birthday tribute sparks online reactions
3 hours