Categories: Market

Raids on UBS branches in Frankfurt and Munich

In the case of Russian oligarch Alisher Usmanow (69), RDA investigators are looking for “Spiegel” information at Swiss UBS branches in Munich and Frankfurt am Main. Accusation: Usmanow is said to have laundered millions.

UBS confirmed the action to Blick. “We confirm that the public prosecutors are currently searching the premises of the UBS Europe SE branches in Frankfurt and Munich. We are cooperating fully with the authorities,” he said. The bank declined to provide further details.

money laundering and tax evasion

The Frankfurt am Main prosecutor’s office is investigating Usmanov on suspicion of money laundering, violation of the Foreign Trade and Payments Act and tax evasion.

According to “Spiegel” the action is about gathering evidence in a money laundering procedure. Bank employees are not to blame. A spokesperson for the Attorney General’s Office also confirmed the raid.

5 million worth of art

In early September, investigators from the BKA and the North Rhine-Westphalia tax investigation department searched several properties in Tegernsee belonging to Putin supporter Usmanow and seized documents and valuables. A week later, his yacht Dilbar in Bremen harbor and an attached warehouse were searched.

Authorities seized works of art with an estimated value of five million euros, including a painting by the painter Marc Chagall, Spiegel said. (pbe/SDA)

Source :Blick

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