Banks and Finance: Court Sees Obstacles for Oligarch's Lawsuit Against Major Bank UBS
Russian-Uzbek oligarch Alisher Usmanov is suing UBS in Frankfurt, alleging the bank made abusive money laundering reports that triggered criminal investigations against him.
Germans suspend investigation against Putin's magnate
German prosecutors announced the suspension of their investigation against Russian oligarch Alisher Usmanov, a close ally of President Vladimir Putin, in exchange for a payment of 10 million euros to the state authorities.
Germany: proceedings dropped against Russian oligarch Alisher Usmanov after payment of 10 million euros
German justice has temporarily suspended proceedings against Russian oligarch Alisher Usmanov, who faced European sanctions related to his Bavarian properties.
He pays ten million: Investigations against Russian oligarch Usmanov discontinued
The Munich II public prosecutor's office has discontinued proceedings against Russian oligarch Alisher Usmanov after he agreed to pay a settlement of ten million euros regarding violations of foreign trade laws and potential sanctions breaches.
War in Ukraine: Investigations against Russian Oligarch Usmanov dropped
Investigations into Russian oligarch Usmanov have been stopped after a financial settlement was reached by the Munich II Public Prosecutor's Office amidst the ongoing war in Ukraine.