Following Russia's invasion of Ukraine, a task force was formed to go after the assets of sanctioned oligarchs. The yacht was seized off the coast of Fiji in 2022.
The owner wants it back, while the United States government wants to sell it to provide more aid to Ukraine.
On Monday, the person listed as the UBO or ultimate beneficial owner, sued the U.S. Government for its return. The Justice Department sued to take ownership saying it belongs to a Russian billionaire with U.S. sanctions. "They're taking a tough line on this, they want to take proceeds from these assets to help rebuild Ukraine," Stephanie Baker said from Bloomberg.The biggest controversy, is over who is the rightful owner. The civil forfeiture claim filed in federal court lists Suleiman Kerimov, a man with ties to the Russian government, as a beneficial owner, who is under U.S. sanctions because of money laundering accusations in 2018.
There are allegations some of the crew listed Kerimov as the owner when the yacht was seized or that Khudainatov became a straw owner, to protect the man with sanctions - but the complaint filed by Khudainatov says he is the lawful owner, and not on anyone else's behalf. The closest connection according to their complaint, is that Kerimov's daughter chartered the yacht for five months, in 2022.
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